§ 4677 - -Operating expenses - Vermont Statutes

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§ 4677. -Operating expenses
No amount may be paid out of the general fund or from any account therein (which account the bank may establish therein for the purpose of payment of its operating expenses) for operating expenses of the bank in any year in excess of the amount provided for the operating expenses of the bank by the annual budget then in effect with respect to that year or any amendment thereof in effect at the time of the payment. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)

State Codes and Statutes

Statutes > Vermont > Title-24 > Chapter-119 > 4677

§ 4677. -Operating expenses
No amount may be paid out of the general fund or from any account therein (which account the bank may establish therein for the purpose of payment of its operating expenses) for operating expenses of the bank in any year in excess of the amount provided for the operating expenses of the bank by the annual budget then in effect with respect to that year or any amendment thereof in effect at the time of the payment. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)

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State Codes and Statutes

Statutes > Vermont > Title-24 > Chapter-119 > 4677

§ 4677. -Operating expenses
No amount may be paid out of the general fund or from any account therein (which account the bank may establish therein for the purpose of payment of its operating expenses) for operating expenses of the bank in any year in excess of the amount provided for the operating expenses of the bank by the annual budget then in effect with respect to that year or any amendment thereof in effect at the time of the payment. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)