§4049. Fish and wildlife trust fund

Link to law: http://legislature.vermont.gov/statutes/section/10/103/04049
Published: 2015

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Title

10

:
Conservation and Development






Chapter

103

:
DEPARTMENT OF FISH AND WILDLIFE






Subchapter

001
:
ESTABLISHMENT










 

§

4049. Fish and wildlife trust fund

(a) The general

assembly recognizes the importance to the people of Vermont of conserving

Vermont's fish and wildlife resources. Therefore, in order to provide the

opportunity for Vermonters to invest in the future of its fish and wildlife

resources, there is hereby created a fish and wildlife trust fund within the

fish and wildlife fund which shall consist of:

(1) Receipts

from sales of any lifetime licenses created pursuant to subsection 4279(f) of

this title.

(2) Any gifts,

grants, or contributions made to the trust fund.

(3) Funds that

may be appropriated by the general assembly.

(b) The

commissioner, after consultation with the secretary of the agency of natural

resources, the secretary of the agency of administration, and the state

treasurer, may determine whether the trust fund is to be managed by the state

treasurer, or by a private firm contracted by the state treasurer at the

direction of the commissioner.

(c) When the

balance of the trust fund reaches $250,000.00, the commissioner may withdraw

interest as needed for operation of departmental programs. The principal shall

remain in the trust fund in perpetuity, even should provisions of law regarding

lifetime licenses be repealed.

(d) [Repealed.]  (Added 1991, No. 205 (Adj. Sess.), § 1, eff

July 1, 1993; amended 1993, No. 191 (Adj. Sess.), §§ 2, 3; 1997, No. 155 (Adj.

Sess.), § 41, eff. April 27, 1998; 1997, No. 155 (Adj. Sess.), § 41, eff. Jan.

1, 1999.)
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