§ 28.
370 words·~2 min read·
/vt/title-4/chapter-1/28A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 28. Municipal Ticket Repayment Revolving Fund
(a)The Municipal Ticket Repayment Revolving Fund is created for the purpose of facilitating the transfer of incorrectly deposited Judicial Bureau payments to the appropriate municipality. A municipality may request a loan from the Municipal Ticket Repayment Revolving Fund in the amount owed another municipality if the municipality requesting the loan:
(1)received payments from the Judicial Bureau that were actually owed to the other municipality for penalties collected by the Judicial Bureau for violations of an ordinance within the other municipality; and
(2)received such payments from the Judicial Bureau between June 30, 2004 and June 30, 2007.
(b)The Court Administrator shall have the authority to approve all loans from the Municipal Ticket Repayment Revolving Fund. To request a loan from the Fund, a municipality shall file an application on a form approved by the Court Administrator by July 1, 2008. The application shall contain the following information:
(1)an agreement, signed by both municipalities, defining the amount owed by one municipality to the other; and
(2)a plan for the municipality requesting the loan to repay the Fund by July 1, 2013. The plan may authorize the Court Administrator to withhold Judicial Bureau violation payments to the municipality requesting the loan for deposit into the Fund.
(c)The maximum loan balance at any time shall be $250,000.00 for one municipality and $400,000.00 for all municipalities. The Court Administrator shall administer the Municipal Ticket Repayment Revolving Fund and shall establish procedures to allocate the available funds fairly and equitably. Upon the recommendation of the Court Administrator, the Secretary of Administration shall approve spending in anticipation of receipts from the Fund up to a maximum of $220,000.00.
(d)Nothing in this section shall prohibit the sending or receiving municipality from otherwise agreeing on, or bringing a civil action to resolve, overpayment issues prior to June 30, 2004.
(e)Upon completion of the agreements authorized by this section, the remaining balance in the Fund shall be deposited in the Court Technology Special Fund pursuant to section 27 of this title. (Added 2007, No. 51, § 16; amended 2007, No. 90 (Adj. Sess.), § 83, eff. March 6, 2008; 2013, No. 50, § E.204.)