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Terms Used In Vermont Statutes Title 24 Sec. 3265

  • Municipality: shall include a city, town, town school district, incorporated school or fire district or incorporated village, and all other governmental incorporated units. See

§ 3265. Liability of municipality

(a) A municipality that incurs indebtedness for or otherwise finances projects under this subchapter shall not be liable for the failure of performance of a project.

(b) A municipality that incurs indebtedness for bonding under this subchapter shall pledge the full faith and credit of the municipality. (Added 2009, No. 45, § 15j, eff. May 27, 2009.)