§ 2170. Statutory purposes The statutory purpose of the exemption for the Vermont State Colleges in section 2178 of this title is to allow institutions providing higher education to deploy more of their financial resources to their educational missions. (Added 2013, No. 200 (Adj. Sess.), § 9.)
§ 2171. Corporation established; purposes; powers (a) There is created as a part of the educational system of the State of Vermont a public corporation to be known as “Vermont State Colleges” or any other name that the Board of Trustees, established under section 2172 of this chapter, selects at a meeting duly warned for […]
§ 2172. Trustees; appointment; vacancies (a) The Corporation shall be governed by a board of 15 trustees who shall be appointed or elected as follows: (1) Biennially, the Governor, with the advice and consent of the Senate, shall appoint trustees to serve for four-year terms expiring March 1 of the year of the biennial session. […]
§ 2173. Board of Trustees; organization In addition to the 14 elected and appointed trustees, the Board of Trustees shall include as a member the Governor of Vermont. A majority of the trustees shall constitute a quorum for the transaction of business. Biennially, the Board shall elect one of its voting members to serve as […]
§ 2174. Board of Trustees; power The Board of Trustees may confer such honors and degrees as are usually given in colleges and universities and any other appropriate degrees and shall appoint a chancellor of the Corporation and a president for each institution under its control and prescribe their duties, salaries, and terms of office. […]
§ 2175. Retirement system The Corporation may deduct from funds appropriated to it for salaries, employer contributions to a retirement system established by its Board of Trustees, or to such other retirement system as the Board may choose. (Added 1961, No. 247, § 1, eff. July 28, 1961; amended 2013, No. 92 (Adj. Sess.), § […]
§ 2176. Procedures relating to accounting The Corporation shall develop, administer, and install procedures relating to accounting practices, control of expenditures, budgets, audits, and purchase of supplies. The fiscal year of the Corporation shall be July 1 to June 30, and its fiscal biennium shall be the period of two successive fiscal years beginning July […]
§ 2177. Controls and audits; financial reports; other reports (a) Control of funds appropriated and of the work carried on shall be vested in the Board of Trustees. (b) The financial statements of the Corporation shall be audited annually as of June 30 by an independent public accounting firm registered in Vermont in accordance with […]
§ 2178. Tax exemption All real and personal property owned by the Corporation and used for educational and not commercial purposes shall be exempt from taxation. (Added 1961, No. 247, § 1, eff. July 28, 1961; amended 2005, No. 207 (Adj. Sess.), § 8.)
§ 2179. Nonapplicability of certain statutes Except as expressly provided in this chapter, the Corporation, its officers, and employees shall not be governed by: (1) 3 V.S.A. chapter 9, dealing with administrative departments; (2) 3 V.S.A. chapter 13, dealing with classification of State personnel; (3) 3 V.S.A. chapter 16, dealing with the State Employees Retirement […]
§ 2184. School of Dental Hygiene (a) The Vermont State Colleges shall establish and operate a School of Dental Hygiene for the training of dental hygienists. The Colleges shall have the authority to grant certificates of graduation on the successful completion of a two-year course in dental hygiene. (b) The General Assembly shall appropriate funds […]
§ 2185. Determination of residency for tuition purposes (a) The Board of Trustees shall adopt policies related to residency for tuition purposes, consistent with State and federal requirements. (b) Any member of the U.S. Armed Forces on active duty who is transferred to Vermont for duty other than for the purpose of education shall, upon […]
§ 2186. Reserve funds (a) The Vermont State Colleges may create and establish one or more special funds, referred to in this section as “debt service reserve funds,” and shall pay into each debt service reserve fund: (1) any monies appropriated and made available by the State for the purpose of the fund; (2) any […]
§ 2187. Intercollegiate Sexual Harm Prevention Council (a) Creation. There is created the Intercollegiate Sexual Harm Prevention Council to create a coordinated response to campus sexual harm across institutions of higher learning in Vermont. (b) Membership. (1) The Council shall be composed of the following members: (A) a Title IX coordinator and a campus-based sexual […]
§ 2188. Property transactions Any sale, lease, demolition, or disposal of property by the Vermont State Colleges Corporation shall comply with the requirements of 32 V.S.A. § 962. (Added 2021, No. 74, § E.602.1.)
