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Vermont Statutes · § 8009 — Reserve requirements

8009. Reserve requirements

A provider shall maintain a reserve fund equal to annual principal and interest payments on all debt or 15 percent of annual operating expenses, whichever is greater. The Department may require that these funds be placed in an escrow account, or other similarly secure investment where the funds are protected. The Department shall approve any withdrawal or borrowing from these funds and shall monitor repayment.

Source notes
History and annotations

(Added 1987, No. 247 (Adj. Sess.), § 1.)

Official source for this version

Source captured 2026-09-25. Open the official source.

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