L. No. 111-5, expanded existing and created new tax-credit bond programs available to public schools. Accordingly, school districts are authorized to issue bonds to finance public school building construction and rehabilitation, the purchase of equipment, the development of course materials, and teacher and personnel training, consistent with Sections 1397E and 54F of the Internal Revenue Code, pertaining to qualified school academy zones and qualified school construction bonds. (Added 2009, No. 54, § 21, eff. June 1, 2009.)
Vermont Legal Code
§ 3597
Vermont Title 16 — Vermont law
Source: https://legislature.vermont.gov/statutes/section/16/125/03597· Version 2026