§6107. Transportation Improvement District Fund

Link to law: http://legislature.vermont.gov/statutes/section/10/151/06107
Published: 2015

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Title

10

:
Conservation and Development






Chapter

151

:
STATE LAND USE AND DEVELOPMENT PLANS






Subchapter

005
:
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.)
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