§ 603.
200 words·~1 min read·
/vt/title-3/chapter-20/603A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 603. Treasurer’s Trust authority
The Treasurer, on behalf of the Trust and for purposes of the Trust, may:
(1)receive and invest monies in the Trust in any instruments, obligations, securities, or property in accordance with section 604 of this title;
(2)enter into one or more contractual agreements, including contracts for legal, actuarial, accounting, custodial, advisory, management, administrative, advertising, marketing, or consulting services, for the Trust and pay for such services from the assets of the Trust;
(3)procure insurance in connection with the Trust’s property, assets, activities, or deposits and pay for such insurance from the assets of the Trust;
(4)apply for, accept, and expend gifts, grants, and donations from public or private sources to enable the Trust to carry out its objectives;
(5)adopt rules pursuant to chapter 25 of this title;
(6)sue and be sued;
(7)establish one or more funds within the Trust and expend reasonable amounts from the funds for internal costs of administration; and
(8)take any other action necessary to carry out the purposes of this chapter. (Added 2023, No. 184 (Adj. Sess.), § 17, eff. July 1, 2024; amended 2025, No. 18, § 13, eff. May 13, 2025.)