32 V.S.A. § 476
This is the official text of 32 V.S.A. § 476, part of Vermont’s V.S.A — part of the compiled statutory law of Vermont, published by the state as "V.S.A." Browse the sections below, each linked to its official government source.
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§ 476. Rebate of income earned from investment or reinvestment of bond proceeds to the U.S. Treasury Department
Official statutory text
Subject only to the approval of the Governor, the Commissioner of Finance and Management shall issue his or her warrant for payment to the U.S. 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 ensure that interest on bonds issued by the State is not included in gross income of the recipients thereof for federal income tax purposes.
Status: in_force · Read it on the official government site
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