§ 405.
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/vt/405-17A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 405. Initial budget and appropriation
(a)Within 30 days after the initial organizational meeting, the Board of Supervisors shall prepare and adopt an operating budget for the remainder of the then fiscal year and shall appropriate monies and assess a tax upon each member municipality to obtain the monies thus appropriated. The initial appropriation shall be apportioned among the member municipalities based upon population as determined by the 1970 U.S. Census.
(b)Within 15 days after the initial budget and appropriations are adopted by the Board of Supervisors, the District Treasurer shall issue and present a warrant to the legislative body of each member municipality requiring that the amount of the tax be paid within 30 days. The legislative body of each member municipality shall draw an order on the municipal treasury for the amount of the tax and the municipal treasurer shall pay to the District Treasurer the amount of the order within the time so specified. (Added 2019, No. M-2, § 2, eff. April 19, 2019.)