The Vermont Statutes Online
Conservation and Development
STATE LAND USE AND DEVELOPMENT PLANS
TRANSPORTATION IMPACT FEES
6107. Transportation Improvement District Fund
(a) There is
created a special fund within the Transportation Fund known as the
Transportation Improvement District Fund. The Agency shall deposit into the
District Fund each transportation impact fee it receives under this subchapter.
The Agency shall administer the District Fund.
(b) Balances in
the District Fund shall be expended only for the purposes authorized in this
subchapter and shall not be used for the general obligations of government. All
balances in the District Fund at the end of any fiscal year shall be carried
forward and remain within the District Fund. Interest earned by the District
Fund shall be deposited in the District Fund.
(c) The Agency
shall provide to the Treasurer an annual accounting of each TID and associated
transportation impact fee for that district showing the source, the amount
collected, each project that was funded or that will be funded with the fee,
and the amount expended. (Added 2013, No. 145 (Adj. Sess.), § 2.)