Terms Used In Vermont Statutes Title 32 Sec. 975b

  • debt service obligations: is a s defined in section 951a of this title. 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.

§ 975b. Debt service appropriations

The General Assembly shall appropriate in the annual appropriations bill the amount necessary from the appropriate funds to pay the debt service obligations of Transportation Infrastructure Bonds that are due in the fiscal year covered by the appropriations bill. (Added 2011, No. 63, § F.108, eff. June 2, 2011.)