These documents are not legal documents but are placed here for reference purposes only. For a legal copy please contact the department.

PACE Reserve Fund

Friday, January 6, 2012
Banking Bulletin #35

Effective January 1, 2012, pursuant to 24 V.S.A. §3269(c) and (d), the Commissioner of the Department of Banking, Insurance, Securities and Health Care Administration has determined, until further notice, that every PACE participant will contribute 2.0 percent of the original PACE assessment to the municipality’s Reserve Fund or a Reserve Fund managed by an agent for the municipality.


                                                                                                Stephen W. Kimbell, Commissioner

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Department of Financial Regulation
Commissioner Michael Pieciak
89 Main Street, Montpelier, VT 05620 - 3101

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