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The Vermont Statutes Online



Title

10

:
Conservation and Development






Chapter

025

:
VERMONT HOUSING FINANCE AGENCY






Subchapter

004
:
FORM AND NATURE OF BONDS AND NOTES










 

§

640. Authorization to accept appropriated monies

The agency is

authorized to accept and expend such monies as may be appropriated or approved

from time to time by the general assembly for effectuating its corporate

purposes including, without limitation, the payment of the initial expenses of

administration and operation and the establishment of reserves or contingency

funds to be available for the payment of the principal of and the interest on

any bonds, notes or other obligations of the agency. (Added 1973, No. 260 (Adj.

Sess.), § 3, eff. April 11, 1974.)