Vermont Code § 16 V.S.A. § 3456

Limit of indebtedness
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§ 3456. Limit of indebtedness
The amount of indebtedness of an incorporated school district, town school district,
or union school district incurred to finance any project approved under sections 3447-3456 of this title shall not be considered a part of the indebtedness of such local district for the
purpose of determining its debt limit, as provided by 24 V.S.A. § 1762, or otherwise.

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