reglab/housing_qa huggingface dataset:
32 V.S.A. § 401
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 401. Accounts

§ 401. Accounts|(a) The Commissioner of Finance and Management shall keep fair and accurate accounts of moneys received and disbursed so as to show the proceeds of the several branches of revenue and the expenses of each department of the government.(b) The Treasurer shall keep an accurate account in books of account of all monies received by the State from whatever source and of all moneys withdrawn from the Treasury of the State upon warrants issued by the Commissioner of Finance and Management.(c) In recording revenues of the General Fund as set forth in section 435 of this title, and revenues of the Transportation Fund as set forth in 19 V.S.A. § 11, the Commissioner of Finance and Management shall as of June 30 each year maintain accounting records in accordance with Generally Accepted Accounting Principles that ensure consistency with each preceding fiscal year. (Amended 1959, No. 328 (Adj. Sess.), § 18; 1979, No. 74, § 328, eff. May 8, 1979; 1981, No. 87, § 4; 1983, No. 195 (Adj. Sess.), § 5; 1987, No. 243 (Adj. Sess.), §§ 59, 60, eff. June 13, 1988; 2015, No. 97 (Adj. Sess.), § 65.)
32 V.S.A. § 402
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 402. Receipts

§ 402. Receipts|The Treasurer and Commissioner of Finance and Management shall give a receipt to persons for money paid, stating for what purpose it is paid, and shall immediately enter the payment upon their books under its appropriate head. (Amended 1967, No. 154, § 1.)
32 V.S.A. § 404
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 404. Returned payments; penalty

§ 404. Returned payments; penalty|(a) Agencies and departments of State government may assess a penalty of $20.00 against the issuer for each payment for amounts due in the form of a check, draft, electronic payment, or other acceptable forms of payment that have been dishonored for lack of funds or credit to pay the same.(b) Such penalty collected shall be credited to a special fund established and managed pursuant to chapter 7, subchapter 5 of this title, or to another budgeted fund other than the General Fund, and shall be available to the agency or department to offset the costs of collecting the amount owed. (Added 1983, No. 59, § 12, eff. April 22, 1983; amended 1989, No. 222 (Adj. Sess.), § 1, eff. May 31, 1990; 1991, No. 234 (Adj. Sess.), § 2; 1993, No. 27, § 5; 1997, No. 59, § 21, eff. June 30, 1997; 2013, No. 191 (Adj. Sess.), § 1; 2017, No. 74, § 133.)
32 V.S.A. § 431
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 431. Depositories of State funds

§ 431. Depositories of State funds|(a) The Treasurer and the Governor shall select the banks in which the funds of the State Treasury shall be deposited. Each agency or department of the State shall be required to obtain the approval of the Treasurer to establish and maintain a bank account of a selected bank as well as develop procedures, approved by the Treasurer, to reconcile a bank account.(b) The Treasurer is hereby authorized to enter into a pledgee agreement with the Federal Reserve Bank for the purposes of collateralization of account balances through the use of a joint-custody account. The Treasurer is authorized to execute the Federal Reserve Bank's standard form pledgee agreement, including the limitations of liability, limitations of duties and indemnification contained in the pledgee agreement. (Amended 1977, No. 162 (Adj. Sess.), § 2; 1989, No. 73, § 272; 1997, No. 147 (Adj. Sess.), § 261a; 2003, No. 66, § 38b; 2007, No. 121 (Adj. Sess.), § 25.)
32 V.S.A. § 432
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 432. Management of invested State money

§ 432. Management of invested State money|In the management of funds and securities belonging to the State or held in the Treasury, with approval of the Governor, he or she may change the form of investment thereof by exchange of securities or by sale and reinvestment of the same, as may be required for the safety and permanent security of such funds, may collect accruing interest and reinvest the same and may collect, enforce payment of, and reinvest all maturing securities and obligations and, for such purposes, may make legal transfers of the title of the same. (Amended 2007, No. 121 (Adj. Sess.), § 26.)
32 V.S.A. § 433
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 433. Investments of State money

§ 433. Investments of State money|(a) Investments of State funds shall be made in:  (1) obligations of the United States, its agencies, and instrumentalities, which have a liquid market with readily determinable market value; (2) certificates of deposit and other evidences of deposit at banks, community development credit unions as defined in 8 V.S.A. § 30101, and savings and loan associations approved by the Treasurer; (3) bankers' acceptances issued by domestic banks where the guaranteeing bank is rated in the highest tier assigned to the investments by at least two nationally recognized rating agencies; (4) commercial paper rated in the highest tier by at least two nationally recognized rating agencies; (5) investment-grade obligations of state or local governments, instrumentalities, and public authorities; (6) repurchase agreements whose underlying purchased securities consist of any of the investments specified in subdivisions (1) through (5) of this subsection; (7) investment agreements or guaranteed investment contracts rated or guaranteed by a financial institution whose senior long-term debt obligations are rated, at the time such agreement or contract is entered into, in the highest tier assigned to such investments by a nationally recognized rating agency, and where the Treasurer has the option to terminate each agreement in the event such rating is downgraded below the highest rating tier; and (8) money market mutual funds that either are regulated by the Securities and Exchange Commission and whose portfolios consist only of dollar-denominated securities or are managed in a manner consistent with Rule 2a-7 of the Investment Company Act of 1940.   (b) Investments of State funds shall be made with judgment and care, under circumstances then prevailing, which persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probable safety of their capital as well as the probable income to be derived.(c) Investments of State funds shall be made in accordance with written guidelines adopted by the Treasurer. Such guidelines shall address the liquidity, diversification, safety of principal, yield, maturity and quality and capability of investment management, with primary emphasis on safety and liquidity. (Amended 1991, No. 238 (Adj. Sess.), § 1, eff. May 28, 1992; 2005, No. 46, § 1; 2009, No. 76 (Adj. Sess.), § 1, eff. April 13, 2010.)
32 V.S.A. § 434
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 434. Investment of certain funds

§ 434. Investment of certain funds|(a)(1) A "Trust Investment Account" is hereby created to maximize the earnings of individual funds by associating them together for common investment.  (2) The Trust Investment Account may include:  (A) the whole or any part of individual trust funds resulting from court settlements, private bequests, grants, or other awards accepted in accordance with section 5 of this title, provided the terms thereof do not require a separate investment. (B) the whole or any part of the funds created by express enactment of the General Assembly to finance particular or restricted programs that provide that only investment earnings of the fund shall be used for program purposes, including, the Vermont Higher Education Endowment Trust Fund established pursuant to 16 V.S.A. § 2885. (C) any other funds which the State Treasurer identifies, in consultation with the Secretary of Administration, as appropriate for inclusion in the account.  (3) The State Treasurer may invest and reinvest the funds in the account, and hold, purchase, sell, assign, transfer, and dispose of the investments in accordance with the standard of care established by the prudent investor rule under 9 V.S.A. chapter 147. The Treasurer shall apply the same investment objectives and policies adopted by the Vermont State Employees' Retirement System, where appropriate, to the investment of funds in the Trust Investment Account. (4) At reasonable intervals, but at least annually in June of each fiscal year, the Treasurer shall credit each individual fund in the Trust Investment Account with a pro rata share of the net income of the Account. The value of the individual funds transferred to or withdrawn from the Trust Investment Account shall be on the basis of the fair market value of the total funds of the Account at the time of the transfer or withdrawal. The Treasurer may withdraw monies from the Account as permitted or required by the terms of the individual funds or as required by acts of the General Assembly. (5) Annually, the Treasurer shall prepare a report to the House Committee on Ways and Means and the Senate Committee on Finance on the financial activity of the Trust Investment Account. The provisions of 2 V.S.A. § 20(d) (expiration of required reports) shall not apply to the required report to be made under this subdivision.   (b) The State Treasurer may invest and reinvest the monies deposited into the Tobacco Litigation Settlement Fund established by section 435a of this title, and may hold, purchase, sell, assign, transfer and dispose of the investments in accordance with the standard of care established by the prudent investor rule under 9 V.S.A. chapter 147. (Added 1999, No. 66 (Adj. Sess.), § 60, eff. Feb. 8, 2000; amended 2003, No. 122 (Adj. Sess.), § 294e; 2011, No. 139 (Adj. Sess.), § 32, eff. May 14, 2012; 2015, No. 131 (Adj. Sess.), § 7.)
32 V.S.A. § 435
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 435. General Fund

§ 435. General Fund|(a) There is established the General Fund which shall be the basic operating fund of the State. The General Fund shall be used to finance all expenditures for which no special revenues have otherwise been provided by law.(b) The General Fund shall be composed of revenues from the following sources:  (1) Alcoholic beverage tax levied pursuant to 7 V.S.A. chapter 15; (2) [Repealed.] (3) Electrical energy tax levied pursuant to chapter 213 of this title; (4) Corporate income and franchise taxes levied pursuant to chapter 151 of this title; (5) Individual income taxes levied pursuant to chapter 151 of this title; (6) All corporation taxes levied pursuant to chapter 211 of this title; (7) 69 percent of the meals and rooms taxes levied pursuant to chapter 225 of this title; (8) [Repealed.] (9) Revenues from the Racing Special Fund consistent with 31 V.S.A. § 630; (10) 33 percent of the revenue from the property transfer taxes levied pursuant to chapter 231 of this title and the revenue from the gains taxes levied each year pursuant to chapter 236 of this title; (11) [Repealed.] (12) All other revenues accruing to the State not otherwise required by law to be deposited in any other designated fund or used for any other designated purpose. (Added 1973, No. 262 (Adj. Sess.), § 52; amended 1975, No. 254 (Adj. Sess.), § 163; 1977, No. 118 (Adj. Sess.), § 2, eff. Feb. 3, 1978 for tax years beginning Jan. 1, 1978; 1997, No. 156 (Adj. Sess.), § 39, eff. April 29, 1998; 1999, No. 49, § 78; 1999, No. 66 (Adj. Sess.), § 55, eff. Feb. 8, 2000; 1999, No. 152 (Adj. Sess.), § 272b; 2003, No. 68, § 37, eff. July 1, 2004; 2005, No. 191 (Adj. Sess.), § 43; 2011, No. 143 (Adj. Sess.), § 56a, eff. July 1, 2013; 2017, No. 74, § 134; 2017, No. 85, § H.4, eff. July 1, 2018; 2018, No. 11 (Sp. Sess.), § H.9; 2019, No. 76, § 4a, eff. Oct. 1, 2019.)
32 V.S.A. § 435a
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 435a. Tobacco Litigation Settlement Fund

§ 435a. Tobacco Litigation Settlement Fund|(a) A Tobacco Litigation Settlement Fund shall be established in the State Treasury, separate from the General Fund and any other fund, for the support of tobacco use prevention, cessation, and control, and for other health care purposes.(b) Into the Fund shall be deposited all monies received by the State in connection with the Master Tobacco Settlement Agreement between members of the tobacco industry and the State approved by the Vermont Superior Court on December 14, 1998 and finalized in Vermont on January 13, 1999, and any interest that accrues on the balance of such monies.(c) Of the balance in the Tobacco Litigation Settlement Fund, $19,200,000.00 is hereby reserved for the sole purpose of long-term sustainable tobacco education, prevention, cessation, and control programs and the Trust Fund proposal developed in accordance with 1999 Acts and Resolves No. 62 , Sec. 274(a)(4)(A)(iii). (Added 1999, No. 62, § 275a.)
32 V.S.A. § 436
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 436. Interfund borrowing

§ 436. Interfund borrowing|Notwithstanding any provisions of law, the State Treasurer, with the approval of the Governor, may borrow from any funds heretofore or hereafter created by the Legislature such available amounts as he or she may determine to be necessary or desirable for the purpose of defraying the expenses of government, including the payment of notes issued for such purposes. Such borrowing may be only made twice a year; first, during the period commencing 15 business days prior to the end of the State's fiscal year and ending 15 business days after the end of the State's fiscal year, and second, during the period commencing on December 10, or the preceding Friday if December 10 shall fall on a Saturday or Sunday, and ending on January 10 of the succeeding year. No later than the last day of the period during which the funds were borrowed, the State Treasurer shall transfer to any such fund from which such initial borrowing has been made an amount equal to such borrowed amount, together with interest thereon at such rate as the State Treasurer in his or her sole discretion shall determine. (Added 1997, No. 61, § 254; amended 2005, No. 71, § 34a.)
32 V.S.A. § 461
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 461. Disbursements on Commissioner's warrants

§ 461. Disbursements on Commissioner's warrants|The Treasurer shall not disburse monies from the State Treasury except upon warrants, issued by the Commissioner of Finance and Management unless otherwise provided. (Amended 1959, No. 328 (Adj. Sess.), § 8(c); 1983, No. 195 (Adj. Sess.), § 5(b); 1987, No. 243 (Adj. Sess.), § 59, eff. June 13, 1988.)
32 V.S.A. § 462
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 462. Appropriation required

§ 462. Appropriation required|(a) Except in the case of funds held by the State in trust, rebates payable to the United States Treasury Department in accordance with the provisions of section 476 of this title, or unless otherwise specified by statute no moneys shall be paid out of the Treasury of the State except upon specific appropriation. The Commissioner of Finance and Management shall not issue his or her warrant except as authorized under the provisions of this section. Such warrant shall be the certificate of the Commissioner of Finance and Management that the account covered by the same is approved for payment by the State Treasurer.(b) All expenditures from enterprise and internal service funds, except those directly resulting from a client-driven demand for products or services, shall be made pursuant to an appropriation. Based on the needs of the programs, the Commissioner of Finance and Management may change authorized spending limits during the course of the year, and may anticipate receipts for enterprise and internal service funds. (Amended 1959, No. 328 (Adj. Sess.), § 8; 1983, No. 195 (Adj. Sess.), § 5(b); 1985, No. 125 (Adj. Sess.), § 5, eff. April 18, 1986; 1987, No. 243 (Adj. Sess.), § 59, eff. June 13, 1988; 1997, No. 66 (Adj. Sess.), § 63, eff. Feb. 20, 1998; 1997, No. 147 (Adj. Sess.), § 262.)
32 V.S.A. § 463
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 463. Itemized bills with vouchers required

§ 463. Itemized bills with vouchers required|The Commissioner of Finance and Management shall require all bills presented to him or her for allowance to be fully itemized and accompanied, as far as possible, with vouchers. (Amended 1959, No. 328 (Adj. Sess.), § 8(c); 1983, No. 195 (Adj. Sess.), § 5(b); 1987, No. 243 (Adj. Sess.), § 59, eff. June 13, 1988; 1995, No. 123 (Adj. Sess.), § 5, eff. June 6, 1996; 2003, No. 156 (Adj. Sess.), § 15; 2007, No. 7, § 4.)
32 V.S.A. § 464
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 464. Itemized statements and receipts required

§ 464. Itemized statements and receipts required|When required by the Commissioner of Finance and Management and before payment therefor is made by the State, all claimants for compensation for services rendered or expense incurred for the State shall furnish the Commissioner of Finance and Management itemized statements in such form as the Commissioner of Finance and Management may from time to time prescribe and shall be verified by written declarations or, if specifically authorized by the Commissioner of Finance and Management, by electronic signature as defined at 9 V.S.A. § 271(9) that they are made under the pains and penalties of perjury, and a person who willfully makes a false statement shall be guilty of perjury and be punished accordingly. (Amended 1959, No. 328 (Adj. Sess.), § 8(c); 1983, No. 195 (Adj. Sess.), § 5(b); 1987, No. 243 (Adj. Sess.), § 59, eff. June 13, 1988; 1993, No. 140 (Adj. Sess.), § 105, eff. April 15, 1994; 1995, No. 123 (Adj. Sess.), § 6, eff. June 6, 1996; 2003, No. 156 (Adj. Sess.), § 15; 2007, No. 7, § 5; 2009, No. 4, § 100, eff. April 29, 2009.)
32 V.S.A. § 465
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 465. Only lawful claims allowed; warrants

§ 465. Only lawful claims allowed; warrants|The Commissioner of Finance and Management shall allow only a valid and legal claim except as otherwise specifically directed. He or she shall issue his or her warrant conformably hereto, and no other officer shall issue a warrant on the State Treasurer. (Amended 1959, No. 328 (Adj. Sess.), § 8(c); 1983, No. 195 (Adj. Sess.), § 5(b); 1987, No. 243 (Adj. Sess.), § 59, eff. June 13, 1988.)
32 V.S.A. § 466
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 466. Requisitions

§ 466. Requisitions|(a) Upon requisition of an officer having authority to expend money for the payment of expenses chargeable to the State, with the approval of the Governor, the Commissioner of Finance and Management is authorized to issue his or her warrant on the Treasurer for funds necessary for such expenses. Such advances shall not be made until such officer files with the State Treasurer a good and sufficient bond, approved by the Governor and Commissioner of Finance and Management, to indemnify the State against all loss or shortage of sums so advanced. The expense of such bond shall be paid by the State.(b) The State Treasurer may advance funds for travel when the travel has been approved by the Governor or the Governor's delegated representatives. The amounts to be advanced and the requirements for settlement will be determined by rules and regulations established by the State Treasurer.(c) The State Treasurer may enter into contracts with banks and other financial institutions in order to establish a credit card reimbursement program for State officials and employees, and may guarantee payment of charges incurred under this program. No person shall charge personal items to a credit card account guaranteed by the State of Vermont under such a program. (Amended 1959, No. 328 (Adj. Sess.), § 8(c); 1979, No. 205 (Adj. Sess.), § 138, eff. May 9, 1980; 1983, No. 195 (Adj. Sess.), § 5(b); 1987, No. 99; 1987, No. 243 (Adj. Sess.), § 59, eff. June 13, 1988; 2009, No. 33, § 62.)
32 V.S.A. § 467
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 467. Accounts with Superior Court clerks

§ 467. Accounts with Superior Court clerks|The Commissioner of Finance and Management shall issue a warrant in favor of each Superior Court clerk when the clerk requires money for election or court expenses, and the State Treasurer shall charge the same to the clerk. The clerk shall be credited for monies properly disbursed by him or her, and the balance shall be paid by the clerk into the Treasury. (Amended 1959, No. 328 (Adj. Sess.), § 8; 1983, No. 195 (Adj. Sess.), § 5(b); 1987, No. 243 (Adj. Sess.), § 59, eff. June 13, 1988; 2009, No. 154 (Adj. Sess.), § 189.)
32 V.S.A. § 469
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 469. Requisition for court expenses

§ 469. Requisition for court expenses|With the approval of the Court Administrator, the Supreme Court, the Judicial Bureau, and the Superior Court may requisition money from the State to pay fees and expenses related to grand and petit jurors, fees and expenses of witnesses approved by the judge, expenses of guardians ad litem, expenses of elections, and other expenses of court operations. The cash advances shall be administered under the provisions of section 466 of this title. (Amended 1959, No. 328 (Adj. Sess.), § 8; 1983, No. 195 (Adj. Sess.), § 5(b); 1987, No. 243 (Adj. Sess.), § 59, eff. June 13, 1988; 2005, No. 93 (Adj. Sess.), § 83, eff. March 3, 2006; 2009, No. 154 (Adj. Sess.), § 190.)
32 V.S.A. § 475
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 475. Disasters on State properties

§ 475. Disasters on State properties|The Commissioner of Finance and Management is hereby directed to issue his or her warrants, on certificate of the Attorney General that he or she has authorized the services or expenditures, in the following cases:  (1) To fire departments, or municipalities maintaining the same, for services rendered by them in fighting fires, except forest fires which are provided for in 10 V.S.A. §§ 1485, 1486, and 1487, or dealing with disasters on State-owned or -operated properties; (2) For services rendered and expenses incurred in operations directed at the recovery of bodies or persons lost or perished by reason of disasters or drowning. (Amended 1959, No. 328 (Adj. Sess.), § 8(b); 1963, No. 97; 1983, No. 195 (Adj. Sess.), § 5(b); 1987, No. 243 (Adj. Sess.), § 59, eff. June 13, 1988.)
32 V.S.A. § 476
2021 Vermont Statutes|Title 32 - Taxation and Finance|Chapter 7 - The Public Monies|§ 476. Rebate of income earned from investment or reinvestment of bond proceeds to the United States Treasury Department

§ 476. Rebate of income earned from investment or reinvestment of bond proceeds to the United States Treasury Department|Subject only to the approval of the Governor, the Commissioner of Finance and Management shall issue his or her warrant for payment to the United States Treasury Department or any other agency of the United States of all or any portion of the income received by the State from the investment or reinvestment of the proceeds of any bonds issued by the State in such amount and to the extent necessary to assure that interest on bonds issued by the State is not included in gross income of the recipients thereof for federal income tax purposes. (Added 1985, No. 125 (Adj. Sess.), § 6, eff. April 18, 1986; amended 1987, No. 36, § 7; 1987, No. 243 (Adj. Sess.), § 59, eff. June 13, 1988.)