32 V.S.A. § 3706 — Payment to municipalities

Grants under this subchapter shall be made annually by the Secretary of Administration
to each eligible municipality on or before December 1, 1997, and on or before October
31 in years thereafter. Nothing in this subchapter shall be construed or permitted
to affect the tax exempt status of the University of Vermont and State Agricultural
College, as provided by statute and guaranteed by that institution’s charter. (