Vermont Code § 24 V.S.A. § 2301

Appropriations
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§ 2301. Appropriations
A municipality may appropriate not to exceed two and one-half percent of its grand
list to aid an agricultural fair or other public exhibition intended to promote the
interests of any branch of agriculture, mechanic arts, or any of the liberal arts.
No such appropriation shall be used so to enable any incorporated fair association
to pay dividends on its capital stock.

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