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Vermont Statutes Annotated — Title 32 (Taxation and Finance)

32 V.S.A. § 435

General Fund

Official textlegislature.vermont.gov14 subsections

# (a)

There is established the General Fund, which shall be the basic operating fund of the State. The General Fund shall be used to finance all expenditures for which no special revenues have otherwise been provided by law.

# (b)

The General Fund shall be composed of revenues from the following sources:

# (1)

alcoholic beverage tax levied pursuant to 7 V.S.A. chapter 15;

# (2)

[Repealed.]

# (3)

[Repealed.]

# (4)

corporate income and franchise taxes levied pursuant to chapter 151 of this title;

# (5)

individual income taxes levied pursuant to chapter 151 of this title;

# (6)

all corporation taxes levied pursuant to chapter 211 of this title;

# (7)

69 percent of the meals and rooms taxes levied pursuant to chapter 225 of this title;

# (8)

[Repealed.]

# (9)

[Repealed.]

# (10)

37 percent of the revenue from the property transfer taxes levied pursuant to chapter
231 of this title and the revenue from the gains taxes levied each year pursuant to chapter 236 of this title; and

# (11)

[Repealed.]

# (12)

all other revenues accruing to the State not otherwise required by law to be deposited in any other designated fund or used for any other designated purpose. (

Last amended: Added 1973, No. 262 (Adj. Sess.), § 52; amended 1975, No. 254 (Adj. Sess.), § 163; 1977, No. 118 (Adj. Sess.), § 2, eff. Feb. 3, 1978 for tax years beginning Jan. 1, 1978; 1997, No. 156 (Adj. Sess.), § 39, eff. April 29, 1998; 1999, No. 49, § 78; 1999, No. 66 (Adj. Sess.), § 55, eff. Feb. 8, 2000; 1999, No. 152 (Adj. Sess.), § 272b; 2003, No. 68, § 37, eff. July 1, 2004; 2005, No. 191 (Adj. Sess.), § 43; 2011, No. 143 (Adj. Sess.), § 56a, eff. July 1, 2013; 2017, No. 74, § 134; 2017, No. 85, § H

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In this chapter (40 sections)
  1. 7-401 · Accounts
  2. 7-402 · Receipts
  3. 7-403 · Repealed. 1959, No. 328 (Adj. Sess.), § 35(g)
  4. 7-404 · Returned payments; penalty
  5. 7-431 · Depositories of State funds
  6. 7-432 · Management of invested State money
  7. 7-433 · Investments of State money
  8. 7-434 · Investment of certain funds
  9. 7-435 · General Fund
  10. 7-435a · Tobacco Litigation Settlement Fund
  11. 7-436 · Interfund borrowing
  12. 7-461 · Disbursements on Commissioner’s warrants
  13. 7-462 · Appropriation required
  14. 7-463 · Itemized bills with vouchers required
  15. 7-464 · Itemized statements and receipts required
  16. 7-465 · Only lawful claims allowed; warrants
  17. 7-466 · Requisitions
  18. 7-467 · Accounts with Superior Court clerks
  19. 7-468 · Repealed. 1959, No. 328 (Adj. Sess.), § 35(h)
  20. 7-469 · Requisition for court expenses
  21. 7-470 · Repealed. 2005, No. 93 (Adj. Sess.), § 85, eff. March 3, 2006
  22. 7-471 · Repealed. 1959, No. 328 (Adj. Sess.), § 35(h)
  23. 7-472 · 7-472
  24. 7-474 · Repealed. 1991, No. 257 (Adj. Sess.), § 9
  25. 7-475 · Disasters on State properties
  26. 7-476 · Rebate of income earned from investment or reinvestment of bond…
  27. 7-501 · Repealed. 1997, No. 147 (Adj. Sess.), § 261b
  28. 7-502 · Monies to be paid over without deduction
  29. 7-503 · Payment of monies into Treasury
  30. 7-504 · Fines paid to Superior Court clerk
  31. 7-505 · Repealed. 2009, No. 33, § 83(m)(3)
  32. 7-506 · Failure of Superior Court clerk to pay over
  33. 7-507 · Repealed. 2003, No. 122 (Adj. Sess.), § 294a
  34. 7-508 · Receipts given by State officers
  35. 7-509 · Overpayment; refund
  36. 7-509a · Judiciary overpayment; refund
  37. 7-510 · Appropriation; federal funds; Public Service Department receipts
  38. 7-511 · Excess receipts
  39. 7-521 · 7-521
  40. 7-526 · 7-526
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