Any agreement executed pursuant to the provisions of this compact shall, as among the parties to the agreement: (1) Detail the specific nature of the services, programs, facilities, arrangements, or properties to which it is applicable. (2) Provide for the allocation of costs and other financial responsibilities.(3) Specify the respective rights, duties, obligations, and liabilities of the parties.(4) Set forth the terms and conditions for duration, renewal, termination, abrogation, disposal of joint or common property, if any, and all other matters that may be appropriate to the proper effectuation and performance of the agreement. (b) No public or private library agency shall undertake to exercise itself, or jointly with any other library agency, by means of a library agreement any power prohibited to the agency by the constitution or statutes of its state. (c) No library agreement shall become effective until filed with the compact administrator of each state involved, and approved prohibited to the agency by the constitution or statutes of its state. (c) No library agreement shall become effective until filed with the compact administrator of each state involved, and approved in accordance with Article VII [section 27 of this title] of this compact. (Added 1963, No. 119, § 2, eff. May 28, 1963; amended 2023, No. 85 (Adj. Sess.), § 242, eff. July 1, 2024.)
Vermont Legal Code