SENATE DOCKET, NO. 431        FILED ON: 1/16/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 688

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Anne M. Gobi

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act eliminating form 901 reporting requirement.

_______________

PETITION OF:

 

Name:

District/Address:

Anne M. Gobi

Worcester, Hampden, Hampshire and Middlesex


SENATE DOCKET, NO. 431        FILED ON: 1/16/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 688

By Ms. Gobi, a petition (accompanied by bill, Senate, No. 688) of Anne M. Gobi for legislation to eliminate form 901 reporting requirement.  Higher Education.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninetieth General Court
(2017-2018)

_______________

 

An Act eliminating form 901 reporting requirement.

 

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

SECTION 1. Chapter 15A of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by striking out section 15C and inserting in place thereof the following section:-

"Section 15C. Each institution within the system of public higher education shall annually produce audited financial statements in accordance with generally accepted accounting principles, generally accepted auditing standards, and generally accepted governmental auditing standards. The statements shall be in accordance with procedures for timeliness and for disclosures as proscribed by the office of the state comptroller and approved by the state auditor. The statements shall include all expenditures and revenues from all appropriated and non-appropriated funds and be filed with the governor, office of state comptroller, the board of higher education, the house and senate committees on ways and means, and the joint committee on higher education no later than October 15 each year."