§ 534.
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/vt/title-3/chapter-18/534A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 534. Vermont Retirement Security Fund
(a)There is established the Vermont Retirement Security Fund to be administered by the State Treasurer.
(b)The Fund shall consist of the following:
(1)any monies appropriated to the Fund by the General Assembly;
(2)any monies transferred to the Fund from the federal government, other state agencies, or other governmental source;
(3)any monies from the payment of fees, penalties, and the payment of other money due to the Program; and
(4)any gifts, grants, or donations made to the Fund and any gifts, grants, donations, or investments received by the Treasurer.
(c)The Treasurer shall credit to the Fund all interest and income derived from the deposit and investment of monies in the Fund.
(d)Any unexpended and unencumbered monies at the end of a fiscal year shall remain in the Fund. (Added 2023, No. 43, § 1, eff. July 1, 2023.)