Vermont Statutes Title 32 Sec. 7909
Terms Used In Vermont Statutes Title 32 Sec. 7909
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
§ 7909. Substance misuse prevention funding
[Subdivision (a) effectiveuntil July 1, 2025; see also subdivision (a) effective July 1, 2025 set out below.]
(a) Thirty percent of the unexpended and unobligated balance of the Cannabis Regulation Fund that is transferred to the General Fund pursuant to 7 V.S.A. § 845(d)(1), not to exceed $10,000,000.00 per fiscal year, shall be used to fund substance misuse prevention programming in the subsequent fiscal year.
[Subdivision (a) effective July 1, 2025; see also subdivision (a) effective until July 1, 2025, set out above.]
(a) Thirty percent of the revenues raised by the cannabis excise tax imposed by section 7902 of this title, not to exceed $10,000,000.00 per fiscal year, shall be used to fund substance misuse prevention programming in the subsequent fiscal year.
(b) If any General Fund appropriations for substance misuse prevention programming remain unexpended at the end of a fiscal year, that balance shall be carried forward and shall only be used for the purpose of funding substance misuse prevention programming in the subsequent fiscal year.
(c) Any appropriation balance carried forward pursuant to subsection (b) of this section shall be in addition to revenues allocated for substance misuse prevention programming pursuant to subsection (a) of this section. (Added 2021, No. 62, § 18, eff. March 1, 2022; amended 2021, No. 185 (Adj. Sess.), § E.240.2, eff. July 1, 2023; 2021, No. 185 (Adj. Sess.), § E.240.6, eff. July 1, 2025.)