reglab/housing_qa huggingface dataset:
32 V.S.A. § 902
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 902. Authorization to borrow money

§ 902. Authorization to borrow money|(a) Notwithstanding any other provision of law to the contrary, the State Treasurer, with notification to the Governor, on behalf of the State may borrow on the credit of the State for the purpose of raising funds to pay expenses of government for which appropriations have been made but for which anticipated revenues have not been received, for the purpose of defraying accumulated State deficits, for the purposes authorized by section 955 of this title and for expenses of preparing, issuing, and marketing obligations issued for such purposes. To evidence such borrowing, the State Treasurer is authorized to issue notes or other similar obligations, which shall include notes commonly known as tax exempt commercial paper ("notes") from time to time in such form and denominations and with such terms and provisions including the maturity date or dates, redemption provisions, and other provisions necessary or desirable as the State Treasurer shall determine. Such notes shall be non-interest bearing or bear interest at such rate or rates, which may be fixed or variable, as, in the judgment of the State Treasurer, may be sufficient or necessary to effect the issuance and sale or resale thereof in the manner determined by the State Treasurer. The State Treasurer is authorized to enter into such agreements with other persons as he or she deems necessary or appropriate in connection with the issuance, sale, and resale of such notes, including agreements providing liquidity or credit facilities in connection with such notes, and, at his or her discretion, to resell or retire any such notes purchased by the State prior to the stated maturity thereof.(b) The State Treasurer shall pay the interest on, principal of and expenses of preparing, issuing, and marketing of such notes as the same fall due without further order or authority from the General Fund or from the transportation or other applicable funds or from the proceeds of bonds or notes. The authority hereby granted is in addition to and not in limitation of any other authority. Such notes shall be sold at public or private sale with or without published notice, as the State Treasurer may determine to be in the best interests of the State. (Added 1993, No. 19, § 1, eff. May 11, 1993; amended 1995, No. 178 (Adj. Sess.), § 264.)
32 V.S.A. § 932
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 932. Claims against the State

§ 932. Claims against the State|(a) A person who has a claim against the State, the payment of which is not otherwise specially provided for by law, may file a claim in Small Claims Court in accordance with 12 V.S.A. chapter 187. Notwithstanding 12 V.S.A. § 5531(a), judgments on such claims shall not exceed $2,000.00.(b) A claim under this section shall be filed within 18 months after the date the claim accrued, and shall not be filed until the claimant has exhausted any duly adopted administrative grievance procedure of the State agency or department against which the claim is made. If the agency or department has not issued a final determination within 90 days after the grievance was filed, then for purposes of a claim under this subchapter, the grievance claim shall be deemed granted. (Amended 1977, No. 94; 1997, No. 156 (Adj. Sess.), § 46, eff. April 29, 1998; 1999, No. 8, § 1.)
32 V.S.A. § 932a
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 932a. Administrative reimbursement for property damages

§ 932a. Administrative reimbursement for property damages|(a) In lieu of proceeding under section 932 of this title, a State employee who has a claim against the State for property damages may elect to file a claim under this section, provided the claim does not exceed $1,000.00.(b) The claim shall be:  (1) made in writing, under oath, stating the facts relating to the claim; (2) filed with the agency, department, or other State entity which employs the claimant; and (3) filed within one year after the date the claim accrued.   (c) The State entity with which the claim is filed may approve payment of a claim against the State for property damages sustained by the employee and payment of the claim shall be charged against that entity's departmental appropriation.(d) If a claim is approved under this section, the Commissioner of Finance and Management shall issue his or her warrant for the amount of the award, the acceptance of which shall be a full discharge of all claims against the State arising out of the matters involved therein. If the claim is disapproved, the person may proceed to file the claim under section 932 of this title.(e)(1) A State employee who incurs expenses for legal representation because of a criminal investigation conducted by law enforcement authorities regarding an act or omission within the scope of the employee's duties, may present an administrative claim to the head of his or her employing agency, provided that the employee has not:   (A) been convicted of any criminal offense on account of the act or omission; (B) been finally terminated by the employing agency; or (C) resigned from employment due to the act or omission.  (2) If the agency head has not yet made a determination whether the employee will be terminated, or if the termination is appealed to the Vermont Labor Relations Board, the request may be held until such a determination has been made or the Board decides the case. An employee reinstated by the Board may present a claim. (3) The agency head shall forward the request along with a recommendation to the Secretary of Administration, who may authorize administrative reimbursement from the Agency's budget for reasonable and necessary expenses, not to exceed $5,000.00. Payment under this subsection may only be authorized upon a finding by the Secretary of Administration that the act or omission was within the scope of the employee's duties. The decision to reimburse and the amount of reimbursement are matters fully within the Secretary's discretion. The Secretary's decision shall be final and there shall be no appeal or challenge of the decision. There shall be no other reimbursement of legal expenses for criminal representation except as authorized under 3 V.S.A. § 1104. (Added 1999, No. 8, § 2; amended 2001, No. 72, § 1.)
32 V.S.A. § 933
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 933. Hearing

§ 933. Hearing|(a) Notwithstanding 12 V.S.A. § 5535, claims to the Small Claims Court brought under this subchapter shall be decided by the Court with no jury. An appeal from the decision of the Small Claims Court shall be in accordance with provisions of 12 V.S.A. § 5538.(b) The Small Claims Court shall decide a claim filed under this subchapter by an inmate of a correctional facility on the basis of affidavits of the parties and testimony by telephone; or the Court may in its discretion request additional evidence to decide such claims.(c) Upon award of damages by the Small Claims Court, the Commissioner of Finance and Management shall issue a warrant for such amount, the acceptance of which shall be a full discharge of all claims against the State arising out of the matters involved therein. (Amended 1959, No. 328 (Adj. Sess.), § 8(b); 1981, No. 249 (Adj. Sess.), § 7; 1983, No. 195 (Adj. Sess.), § 5(b); 1997, No. 156 (Adj. Sess.), § 47, eff. April 29, 1998.)
32 V.S.A. § 935
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 935. Payment of claims

§ 935. Payment of claims|The amount paid under this subchapter shall be charged to the State agency responsible for the basis of the claim; otherwise, it shall be paid from the contingent fund.
32 V.S.A. § 951
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 951. Applicability

§ 951. Applicability|This subchapter shall apply to all bonds hereafter authorized by the Legislature, provided that provisions in authorizing acts inconsistent herewith shall control except as provided in section 957 of this title. (Added 1959, No. 24, § 1, eff. March 10, 1959.)
32 V.S.A. § 951a
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 951a. Debt service funds

§ 951a. Debt service funds|(a) Three governmental debt service funds are hereby established:  (1) the General Obligation Bonds Debt Service Fund to fulfill debt service obligations of general obligation bonds from all funding sources; (2) the Transportation Infrastructure Bonds Debt Service Fund to fulfill debt service obligations of transportation infrastructure bonds funded primarily by the revenues of the Transportation Infrastructure Bond Fund; and (3) other debt service funds to fulfill debt service obligations of other long-term debt funded by governmental fund dedicated revenue sources.   (b) Financial resources in each fund shall consist of appropriations by the General Assembly to fulfill debt service obligations, the transfer of funding sources by the General Assembly to fulfill future debt service obligations, bond proceeds raised to fund a permanent reserve required by a trust agreement entered into to secure bonds, transfers of appropriations effected pursuant to section 706 of this title, investment income earned on balances held in trust agreement accounts as required by a trust agreement, and such other amounts as directed by the General Assembly or that are specifically authorized by provisions of this title. Each debt service fund shall account for the accumulation of resources and the fulfillment of debt service obligations within the current fiscal year and the accumulation of resources for debt service obligations maturing in future fiscal years.(c) Debt service obligations of general obligation bonds, transportation infrastructure bonds, or other authorized long-term obligations shall be fulfilled from the respective governmental debt service funds established in this section.(d) As used in this section, "debt service obligations" of bonds include requirements to:  (1) pay principal and interest, sinking fund obligations, and redemption premiums; (2) pay investment return on and the maturity value of capital appreciation bonds; (3) provide for reserves required by a trust agreement entered into to secure bonds; and (4) provide any additional security, insurance, or other form of credit enhancement required by a trust agreement entered into to secure bonds. (Added 2011, No. 63, § F.101, eff. June 2, 2011.)
32 V.S.A. § 952
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 952. Denominations; how issued

§ 952. Denominations; how issued|The bonds may be issued at one time, or in series from time to time, in any form permitted by law. Except for zero coupon bonds or capital appreciation bonds designated as such by the State Treasurer, with the approval of the Governor, each series shall be payable in substantially equal or diminishing amounts annually, the first of such annual payments to be made not later than five years after the date of such bonds and the last of the payments to be made not later than 20 years after the date. All bonds shall mature not later than 20 years after the date of such bonds. The principal, interest, investment returns and maturity value of such bonds shall be payable in lawful money of the United States or of the country in which the bonds were sold and for such payments the full faith and credit of the State are hereby pledged. Such bonds shall be signed by the State Treasurer or his or her deputy and countersigned by the manual or facsimile signature of the Secretary of State or his or her deputy, and shall bear the Seal of the State or a facsimile thereof and the interest coupons thereon shall bear the facsimile signature of the State Treasurer. Such bonds shall be registered as provided by this subchapter. The date of issuance, place of payment, rate of interest (which may be fixed or variable), or the manner of determining such rate of interest, original stated value, investment returns or manner of determining the same, maturity value, time of maturity, provisions with respect to redemption prior to maturity, at par or at a premium, sinking fund and reserve requirements, and other particulars as to the form of such bonds, within the limitations mentioned herein, shall be determined by the State Treasurer with the approval of the Governor as he or she may deem for the best interests of the State. Such bonds shall contain on the face thereof the statement that they are issued for the purposes mentioned in, under the authority of, and in conformity with the authorizing act, and that the form and other particulars and details thereof have been duly determined by the State Treasurer, with the approval of the Governor; and such statement shall be conclusive evidence of the liability of the State to any bona fide holder thereof, and the bonds so issued shall be the lawful obligations of the State. (Added 1959, No. 24, § 2, eff. March 10, 1959; amended 1979, No. 205 (Adj. Sess.), § 156, eff. May 9, 1980; 1985, No. 125 (Adj. Sess.), § 1, eff. April 18, 1986; 1989, No. 276 (Adj. Sess.), § 22, June 20, 1990; 1993, No. 19, § 2, eff. May 11, 1993.)
32 V.S.A. § 953
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 953. Sales, record

§ 953. Sales, record|The State Treasurer with the approval of the Governor is hereby authorized to sell such bonds at such prices, in such amount, at such times and in such manner, with or without advertising the same, as he or she shall determine to be for the best interests of the state, at public or private sale. The State Treasurer shall keep an accurate record of each and every bond when issued, the number and denomination of each bond when issued, when and where payable, to whom sold, and the rate of interest or the investment return thereon and shall keep an accurate record of all payments of interest, principal, investment return, and maturity value. Interest and the investment return on such bonds shall be exempt from taxation in this State. (Added 1959, No. 24, § 3, eff. March 10, 1959; amended 1989, No. 276 (Adj. Sess.), § 23, eff. June 20, 1990.)
32 V.S.A. § 955
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 955. Anticipation of proceeds

§ 955. Anticipation of proceeds|Pending the issue of said bonds, the State Treasurer with the approval of the Governor may use any available cash in the Treasury for the purposes for which the bonds were authorized, and restore the same from the proceeds of said bonds. Also, the State Treasurer with the approval of the Governor may borrow upon notes of the State sums of money in anticipation of the proceeds of the bonds. Such notes shall be issued on such terms and at such times as they may determine. Each such note shall mature not more than two years from its date, provided that notes issued for a shorter period may be refunded from time to time by the issue of other such notes maturing within the required period of two years. The authority hereby granted is in addition to and not in limitation of any other authority. (Added 1959, No. 24, § 5, eff. March 10, 1959; amended 1993, No. 19, § 3, eff. May 11, 1993.)
32 V.S.A. § 956
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 956. Time available

§ 956. Time available|Unless otherwise specifically provided as to any particular appropriation to be raised by the issue of bonds, provisions of law relating to the lapse of unexpended appropriations shall not apply. (Added 1959, No. 24, § 6, eff. March 10, 1959.)
32 V.S.A. § 957
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 957. Consolidation

§ 957. Consolidation|The bonds authorized by one or more acts of the Legislature may in the discretion of the officers issuing the same be combined upon their issue into one or more consolidated issues. The particular bonds of such consolidated issue issued under each authority may but need not be designated by number or otherwise. The bonds of such consolidated issues may be designated by such titles as may be deemed appropriate by such officers (which shall be in substitution for any titles prescribed by the authorizing acts) and shall contain on the face thereof the statement that they are issued for the purposes mentioned in, under the authority of, and in conformity with the authorizing acts (instead of the statement prescribed above or in the authorizing act) and such statement shall be conclusive evidence of the liability of the State to any bona fide holder thereof, and the bonds so issued shall be the lawful obligations of the State. (Added 1959, No. 24, § 7, eff. March 10, 1959.)
32 V.S.A. § 958
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 958. Expiration of office

§ 958. Expiration of office|Any bonds or notes issued pursuant to this subchapter, if properly executed by the officers of the State in office on the date of the signing or on the date of imprinting of the facsimile signature, as the case may be, shall be valid and binding according to their terms notwithstanding that before the delivery thereof and payment therefor any or all such officers shall have for any reason ceased to hold office. (Added 1959, No. 24, § 8, eff. March 10, 1959.)
32 V.S.A. § 960
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 960. Issuance of bonds

§ 960. Issuance of bonds|Issuance of bonds authorized by the General Assembly for a given fiscal year may, in the discretion of the State Treasurer with the approval of the Governor, be issued in the months of May or June preceding that fiscal year, or at any time thereafter and until such authorization is rescinded by the General Assembly prior to the issuance of such bonds. (Added 1981, No. 233 (Adj. Sess.), § 14(c); amended 1999, No. 148 (Adj. Sess.), § 87, eff. May 24, 2000.)
32 V.S.A. § 961
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 961. Refunding bonds

§ 961. Refunding bonds|(a) The State Treasurer with the approval of the Governor is hereby authorized to issue general obligation bonds in order to refund all or any portion of one or more issues of outstanding general obligation bonds at any time after the issuance of the bonds to be refunded. The State Treasurer with the approval of the Governor is authorized to refinance outstanding certificates of participation or outstanding long-term lease purchase agreements through the issuance of general obligation bonds or notes of the State of Vermont or certificates of participation. To the extent available, any reduction in debt service coming from such refunding shall be used to offset General Fund debt service in the fiscal year of such reductions.(b) The State Treasurer, prior to the issuance of refunding bonds, shall have authority to contract on behalf of the State with a bank or trust company authorized to do business in this State for the purpose of having such bank or trust company act as the escrow agent of the proceeds, inclusive of any premium, from the sale of such refunding bonds, together with all income derived from the investment of such proceeds, and any other moneys to be provided by the State to effectuate the refunding.(c) The proceeds, inclusive of any premium, from the sale of refunding bonds, immediately upon receipt, shall be placed in escrow with the escrow agent in accordance with the escrow contract. That portion of such proceeds which shall be required for the payment of the principal of and interest on or investment return or maturity value of the bonds to be refunded, including any redemption premiums, shall be irrevocably committed and pledged to such purpose and the holders of such bonds to be refunded shall have a lien upon such moneys and the investments thereof held by the escrow holder. The pledge and lien provided for in this subsection shall become valid and binding upon the issuance of the refunding bonds and the moneys and investments held by the escrow agent shall immediately be subject thereto without any further act. Such pledge and lien shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the State, irrespective of whether such parties have notice thereof. Neither the escrow contract, nor any other instrument relating to such pledges and liens, need be filed or recorded.(d) The refunding bonds authorized by this section shall be issued in accordance with the provisions of this chapter, provided that installments on such refunding bonds need not be payable in substantially equal or diminishing amounts and provided further that no notes may be issued in anticipation of the proceeds of said refunding bonds.(e) [Repealed.]  (Added 1985, No. 125 (Adj. Sess.), § 2, eff. April 18, 1986; amended 1989, No. 276 (Adj. Sess.), §§ 25, 28, eff. June 20, 1990; 1995, No. 185 (Adj. Sess.), § 65, eff. May 22, 1996.)
32 V.S.A. § 962
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 962. Private use compliance, notice, and approval

§ 962. Private use compliance, notice, and approval|Any entity receiving an appropriation financed with proceeds of tax-exempt bonds of the State shall notify and receive approval from the State Treasurer and the Secretary of Administration at least 90 days prior to finalizing an agreement with a nonpublic or for-profit entity to rent, lease, sell, or otherwise dispose of property financed with those proceeds and also shall pay any cost related to compliance with the Internal Revenue Code of 1986, as amended, resulting from disposal of the property. This notification requirement shall not apply if the proceeds were included in the five percent allowance for private use prior to the issuance of bonds, or if the proceeds were provided, or the property was disposed of, as a grant or otherwise with no payment or repayment made or required to be made to the State or to the entity. (Added 2011, No. 104 (Adj. Sess.), § 35, eff. May 7, 2012.)
32 V.S.A. § 972
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 13 - Debts and Claims|§ 972. Transportation Infrastructure Bonds

§ 972. Transportation Infrastructure Bonds|(a) The Treasurer may issue bonds pursuant to this subchapter from time to time in amounts authorized by the General Assembly in its annual transportation bill. Bonds issued under this section shall be referred to as "Transportation Infrastructure Bonds."(b) As used in this subchapter, the term "debt service obligations" is as defined in section 951a of this title.(c) Debt service obligations of the bonds shall be fulfilled or satisfied in accordance with the terms of any trust agreement pertaining to the bonds from the Transportation Infrastructure Bonds Debt Service Fund.(d) Funds raised from bonds issued under this section may be used to pay for or fund:  (1) the rehabilitation, reconstruction, or replacement of State bridges and culverts; (2) the rehabilitation, reconstruction, or replacement of municipal bridges and culverts; (3) the rehabilitation, reconstruction, or replacement of State roads, railroads, airports, and necessary buildings which, after such work, have an estimated minimum remaining useful life of 30 years or more; and (4) a permanent reserve required by a trust agreement entered into to secure the bonds.   (e) Pursuant to section 953 of this title, interest and the investment return on the bonds shall be exempt from taxation in this State.(f) Bonds issued under this section shall be legal investments for all persons without limit as to the amount held, regardless of whether they are acting for their own account or in a fiduciary capacity. The bonds shall likewise be legal investments for all public officials authorized to invest in public funds. (Added 2009, No. 50, § 28; amended 2011, No. 63, § F.103, eff. June 2, 2011.)