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Terms Used In Vermont Statutes Title 24 Sec. 4673

  • Bank: means the Vermont Bond Bank established by section 4571 of this title. See
  • Reserve Fund: means the Vermont Bond Bank Reserve fund established under section 4671 of this title. 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

§ 4673. Investment

(a) Monies at any time in the Reserve Fund may be invested in the same manner as permitted for investment of funds belonging to the State or held in the Treasury.

(b) For purposes of valuation, investments in the Reserve Fund shall be valued at par if purchased at par or at amortized value, as such term is defined by resolution of the Bank, if purchased at other than par. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970; amended 1971, No. 148 (Adj. Sess.), § 8, eff. Feb. 14, 1972.)