Session Laws

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

The second paragraph of section 8F of chapter 12 of the General Laws, as appearing in the 1988 Official Edition, is hereby amended by striking out the fourth sentence and inserting in place thereof the following two sentences:- A public charity which received not more than two hundred and fifty thousand dollars in gross support and revenue during the fiscal year covered by its report may in lieu of an audited financial statement submit a financial statement accompanied by an independent certified public accountant's review report as such report is defined by the American Institute of Certified Public Accountants. The director may, by regulation, exempt certain types or classes of organizations from the audit or review report requirement or from completing any portions of the annual report if the director determines that such exemption would be in the public interest.