§ 587 - Special funds; creation and termination - Vermont Statutes

§ 587. Special funds; creation and termination

(a) Creation of special funds. The creation of all special funds shall be in accordance with the provisions of this subchapter.

(b) Termination of special funds. All special funds shall be terminated at a time specified as a condition of the fund's creation, when the revenue source of the fund ceases to exist, or when the purpose of the fund has been fulfilled as determined by the general assembly. (Added 1991, No. 226 (Adj. Sess.), § 2, eff. May 28, 1992; amended 1997, No. 59, § 81, eff. June 30, 1997.)