Financial Literacy and Economic Empowerment Trust Fund
32 V.S.A. § 111
in effect111. Financial Literacy and Economic Empowerment Trust Fund
(a) There is hereby established a special fund entitled the Financial Literacy and Economic Empowerment Trust Fund to be administered by the State Treasurer. The purposes of the Fund are:
(1) to promote the adoption of fiscally sound money management practices by Vermonters through education and outreach efforts that raise awareness of the need for and benefits of practicing such skills;
(2) to create opportunities to build and encourage the development of new financial literacy activities and educational products for Vermonters; and
(3) to support other economic empowerment opportunities for Vermonters.
(b) The Fund may receive State transfers, gifts, grants, federal funds, and any other funds, both public and private, consistent with this section. Monies in the Fund may be expended in accordance with the trust fund provisions of section 462 of this title for such financial literacy projects as the Treasurer may direct and to defray costs associated with administering the Vermont Prescription Drug Discount Card Program established pursuant to 18 V.S.A. chapter 91, subchapter 7.
(c) The Treasurer may invest monies in the Fund in accordance with the provisions of section 434 of this title. All balances in the Fund at the end of the fiscal year shall be carried forward and shall not revert to the General Fund. Interest earned shall remain in the Fund. The Treasurer’s annual financial report to the Governor and the General Assembly shall contain an accounting of receipts, disbursements, and earnings of the Fund.
Added 2007, No. 192 (Adj. Sess.), § 6.009; amended 2025, No. 132 (Adj. Sess.), § 3a, eff. July 1, 2026.
Source: Vermont General Assembly (legislature.vermont.gov)URL: https://legislature.vermont.gov/statutes/section/32/003/00111Fetched: 10/21/2026