There are no school bond and tax elections in Vermont. Vermont is one of nine states along with the District of Columbia to not have school bond or tax elections. All bond issues and requests to raise tax levies are the authority of the Vermont Educational and Health Buildings Agency. It is up to the agency to freely set the terms of all bond issues including interest, selling terms, maturity, and restrictions on successive bond issues. There is a remedy clause if any party defaults on bond obligations, but the State of Vermont is immune from being held liable in the case of default via litigation.