§ 1557 - Transfer charges and credits - Vermont Statutes

§ 1557. Transfer charges and credits

(a) The commissioner of buildings and general services shall establish a system of transfer charges and credits by which an agency or department shall be charged for the receipt of surplus property together with reasonable costs of transfer and reconditioning; and by which an agency or department shall be credited with the proceeds of any sale or transfer of surplus property less any costs of transfer and reconditioning.

(b) Transfer charges and credits shall be made against the appropriation of the respective department or agency. Funds credited shall be classified as special funds, and managed in accordance with subchapter 5 of chapter 7 of Title 32; provided, however, that any funds credited to the agency of transportation shall be transferred to the transportation fund. (Added 1979, No. 164 (Adj. Sess.), § 1, eff. April 25, 1980; amended 1995, No. 148 (Adj. Sess.), § 4(a), eff. May 6, 1996; No. 178 (Adj. Sess.), § 421, eff. May 22, 1996; 2009, No. 50, § 67.)