Vermont Statutes Title 19 Sec. 11b
Terms Used In Vermont Statutes Title 19 Sec. 11b
- Agency: means the Agency of Transportation. See
- Commissioner: means the Commissioner of Motor Vehicles responsible to the Secretary for the administration of the Department. See
- highway: includes rights-of-way, bridges, drainage structures, signs, guardrails, areas to accommodate utilities authorized by law to locate within highway limits, areas used to mitigate the environmental impacts of highway construction, vegetation, scenic enhancements, and structures. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
- Town: includes incorporated villages and cities. See
§ 11b. Town Highway Revolving Fund
There is created a special account within the Transportation Fund known as the Town Highway Revolving Fund for the purpose of charging the expense for work performed for towns by the Agency. All receipts from towns for performance of these services shall be credited to this account. The Commissioner of Finance and Management may incur overdrafts, not to exceed $250,000.00 in total, in this account in anticipation of amounts due from towns. However, the Commissioner may waive the limitation on overdrafts to the extent that a town’s reimbursement to the State is contingent on the town’s receipt of emergency relief funds from federal sources. (Added 1991, No. 35, § 6, eff. May 18, 1991; 1991, No. 120 (Adj. Sess.), § 1, eff. Feb. 21, 1992; 1999, No. 18, § 17, eff. May 13, 1999.)