32 V.S.A. § 476 — Rebate of income earned from investment or reinvestment of bond proceeds to the U.S. Treasury Department

Subject only to the approval of the Governor, the Commissioner of Finance and Management
shall issue his or her warrant for payment to the U.S. Treasury Department or any
other agency of the United States of all or any portion of the income received by
the State from the investment or reinvestment of the proceeds of any bonds issued
by the State in such amount and to the extent necessary to ensure that interest on
bonds issued by the State is not included in gross income of the recipients thereof
for federal income tax purposes. (