Vermont Statutes Title 3 Sec. 534

Fees: shall mean earnings due for official services, aside from salaries or per diem compensation. See
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.
following: when used by way of reference to a section of the law shall mean the next preceding or following section. See
Program: means the VT Saves Program established in accordance with this chapter. See
State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
Vermont Retirement Security Fund: means the fund established in section 534 of this chapter for the sole purpose of paying the administrative costs and expenses of the Program. See

§ 534. Vermont Retirement Security Fund

(a) There is established the Vermont Retirement Security Fund to be administered by the State Treasurer.

(b) The Fund shall consist of the following:

(1) any monies appropriated to the Fund by the General Assembly;

(2) any monies transferred to the Fund from the federal government, other state agencies, or other governmental source;

(3) any monies from the payment of fees, penalties, and the payment of other money due to the Program; and

(4) any gifts, grants, or donations made to the Fund and any gifts, grants, donations, or investments received by the Treasurer.

(c) The Treasurer shall credit to the Fund all interest and income derived from the deposit and investment of monies in the Fund.

(d) Any unexpended and unencumbered monies at the end of a fiscal year shall remain in the Fund. (Added 2023, No. 43, § 1, eff. July 1, 2023.)