§ 1101.
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/vt/1101-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 1101. Capital programs
(a)Preparation of capital program. The Manager shall prepare and submit to the Council a capital program at least three months prior to the final date for submission of the budget.
(b)Contents. The capital program shall include:
(1)a clear general summary of its contents;
(2)a list of all capital improvements that are proposed to be undertaken during not fewer than the next five fiscal years, with appropriate supporting information as to the necessity for such improvements;
(3)cost estimates, method of financing, and recommended time schedules for each such improvement; and
(4)the estimated annual cost of operating and maintaining the facilities to be constructed or acquired.
(c)Revision. The information required by this section may be revised and extended each year with regard to capital improvements still pending or in process of construction or acquisition. (Added 2021, No. M-10 (Adj. Sess.), § 2, eff. July 1, 2022.)