Vermont Code § 18 V.S.A. § 5385

Accounts; expenditures
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§ 5385. Accounts; expenditures
The town treasurer shall keep a separate account of each such trust fund unless the
same is in charge of the trustees of public funds. The income therefrom shall be
subject to the order of the selectboard or board of cemetery commissioners as the
case may be. Such boards shall expend such income pursuant to the conditions of the
trust. When such boards neglect to expend the income pursuant to the conditions of
the trust, the town may be indicted for such neglect and upon conviction be fined
not more than $100.00.

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