Vermont Code § 32 V.S.A. § 955

Anticipation of proceeds
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§ 955. Anticipation of proceeds
Pending the issue of said bonds, the State Treasurer, with the approval of the Governor,
may use any available cash in the Treasury for the purposes for which the bonds were
authorized and restore the same from the proceeds of said bonds. Also, the State Treasurer,
with the approval of the Governor, may borrow upon notes of the State sums of money
in anticipation of the proceeds of the bonds. Such notes shall be issued on such terms
and at such times as they may determine. Each such note shall mature not more than
two years from its date, provided that notes issued for a shorter period may be refunded
from time to time by the issue of other such notes maturing within the required period
of two years. The authority hereby granted is in addition to and not in limitation
of any other authority.

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