§ 524.
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/vt/title-3/chapter-17/524A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 524. Vermont Pension Investment Commission Special Fund
(a)Creation. There is hereby created the Vermont Pension Investment Commission Special Fund, administered by the Vermont Pension Investment Commission, for the purpose of receiving funds transferred to the Commission pursuant to subsection 522(i) of this title. Monies in the Fund shall be used to pay expenses associated with carrying out the Commission’s duties.
(b)Funds. The Fund shall consist of:
(1)any amounts collected and transferred by the three retirement systems and any individual municipalities that have been allowed to invest their retirement funds pursuant to subsection 523(a) of this title;
(2)any amounts transferred or appropriated to it by the General Assembly; and
(3)any interest earned by the Fund. (Added 2021, No. 185 (Adj. Sess.), § E.134.2, eff. July 1, 2022; amended 2023, No. 3, § 106a, eff. March 20, 2023.)