§ 7.7.
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/vt/7-7-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 7.7. Borrowing in anticipation of taxes
The Selectboard and the school directors may borrow money, at the most favorable rate of interest they can obtain, in anticipation of Town and School District revenues to be collected within the fiscal year. (Amended 2003, No. M-6, § 2.)