State Codes and Statutes
Statutes > Vermont > Title-31 > Chapter-13 > 627
§ 627. Deficits; assessments
(a) Annually as of June 30, after comparing all racing commission expenditures to the total of fees paid to the commission under sections 615 and 618 of this title, there remains a deficit, then the commission shall, on or before August 14 next, assess all licensees under section 610 of this title, except agricultural fair licensees, an amount sufficient to cover the deficiency. These assessments shall be on an equitable and practicable basis as established by the commission by regulation.
(b) If any such licensee shall fail to remit payment for the expense apportionment billed by the commission, its license may be revoked or suspended for a period of not less than one year.
(c) In addition to the authority granted in subsection (b) of this section, the commission shall have such authority to collect assessments levied under this section as granted to the commissioner of taxes to enforce and collect the tax on income under chapter 151 of Title 32. (Added 1985, No. 200 (Adj. Sess.), § 6.)
