Chapter 44: MUNICIPAL FINANCE
- Section 1 Definitions
- Section 2 Limitations and restrictions upon manner of incurring debt
- Section 3 Computation of indebtedness
- Section 4 Temporary loans in anticipation of revenue; conditions; limitations
- Section 4A Repealed, 1990, 210, Sec. 2
- Section 4B Expired. See 1976, 4, Sec. 33
- Section 5 to 5B Repealed, 1969, 849, Sec. 48; 1971, 766, Sec. 11
- Section 6 Power to incur debt for payment of land damages, altering grade crossings, and highway or traffic control expenditures
- Section 6A Power to borrow in anticipation of reimbursement by federal government or commonwealth
- Section 7 Cities and towns; purposes for borrowing money within debt limit
- Section 8 Cities and towns; purposes for borrowing money outside debt limit
- Section 8A Orders authorizing issuance of bonds; authentication
- Section 8B Cities and towns; right to replace lost funds deposited; liquidation or insolvency of depository bank
- Section 8C Cities and towns; acquisition of land for conservation or recreation purposes in anticipation of state or federal reimbursement of expense; temporary debt outside limit authorized
- Section 9 Districts; right to borrow money; purposes; amount
- Section 10 Debt limit
- Section 11 Debt retirement; provision for earlier payment
- Section 12 Repealed, 1946, 358, Sec. 16
- Section 13, 13A Repealed, 1971, 766, Sec. 11
- Section 14 Liability for lawful debts
- Section 15 Liability for legal debts contracted under special acts
- Section 16 Issuance of bonds, notes and certificates of indebtedness; procedure; form; contracts with banking or financial institutions
- Section 16A Facsimile signature
- Section 16B Facsimile seal; validity
- Section 16C Repealed, 1984, 400, Sec. 3
- Section 17 Temporary loans; refund; repayment
- Section 17A Repealed, 1992, 143, Sec. 3
- Section 18 Discount of notes
- Section 19 Issuance of notes payable on demand forbidden; procedure for repaying debts; time for making final payment
- Section 19A Inability to pay interest or principal of bonds, notes or certificates of indebtedness; notice; certification to state treasurer; payment by state treasurer
- Section 20 Proceeds from sale of bonds; restrictions on use; disposition of premiums
- Section 20A Advances made in anticipation of proceeds
- Section 21 Call and redemption prior to maturity
- Section 21A Refunding bonds; issuance; present values
- Section 21B Designation of tax credit bonds; sinking fund; sale of tax credit bonds; issuance of refunding bonds
- Section 21C Lease purchase financing agreements
- Section 22 Rate of interest
- Section 22A Insurance, letters or lines of credit for bonds or notes; trust agreements
- Section 22B Bonds and notes; official statements; advertising; collateral tax consequences to social security recipients
- Section 22C Security for bonds or notes; insurance, letters or lines of credit, trust agreements
- Section 23 Forms for notes
- Section 24 Authentication; certification
- Section 24A Bearer instruments
- Section 25 Repealed, 2016, 218, Sec. 70
- Section 26 Repealed, 2010, 188, Sec. 35
- Section 27 Certification; evidence of liability
- Section 27A Effect of provisions on power to issue notes
- Section 28 Report to director of accounts required
- Section 28A Applicability of finance law to school districts
- Section 28B Applicability of finance law to planning districts
- Section 28C Management of solid waste; project costs; debt obligations
- Section 29 Repealed, 1969, 849, Sec. 48; 1971, 766, Sec. 11
- Section 30 Determination of amount of appropriation for departments
- Section 31 Liabilities in excess of appropriations forbidden; exceptions
- Section 31A Report of estimated expenses; period covered; contents
- Section 31B Repealed, 1969, 505, Sec. 6
- Section 31C Construction contracts; certificate as to availability of funds; effect of certificate upon defense of insufficiency of appropriations
- Section 31D Snow and ice removal; emergency expenditures; reporting requirements
- Section 32 Submission of city budget to city council; procedure for approval, rejection or alteration
- Section 33 Power of council to add to appropriation; conditions; limitations
- Section 33A Salary provisions in budget; requirements and limitations
- Section 33B Transfer of appropriations; restrictions
- Section 34 Repealed, 1969, 849, Sec. 48; 1971, 766, Sec. 11
- Section 35 Audits of accounts; when conducted; governmental units to be considered districts; copy to be sent to chief executive officer; costs
- Section 36, 37 Repealed, 2016, 218, Sec. 78
- Section 38 Uniformity of accounting classifications; standards; authority of director
- Section 39 Results of audit; report to municipality
- Section 40 Audit of accounts; frequency; reports
- Section 41 Failure to meet minimum standards and methods of accounting; expenses of auditing; payment
- Section 42 Audits by private accountants; required reports
- Section 42A Pilot program for audits of public functions of city, town, county, etc. where irregularities or illegal acts are suspected; establishment
- Section 43 Accounting reports; returns; forms
- Section 44 Reports of municipal statistics; publication
- Section 45 Powers of director; attendance of witnesses; production of books and documents
- Section 46 Repealed, 2016, 218, Sec. 82
- Section 46A Powers of director; investigation of municipal affairs
- Section 47 Right to establish or use
- Section 48 Sinking fund commissioners; powers and duties; records; compensation
- Section 49 Issuance of new bonds
- Section 50 Repealed, 1921, 486, Sec. 12
- Section 51 Repealed, 1938, 458
- Section 52 Issuance of bonds in exchange for bearer instruments
- Section 53 City, town or district funds; use and disposition
- Section 53A Grants and gifts; acceptance and expenditure
- Section 53B Contributions by commonwealth; application to indebtedness
- Section 53C Deposit and expenditure of compensation for off-duty or special detail work; appropriation for special fund; fee
- Section 53D Recreation and park self-supporting service revolving funds; creation; authorized use of funds; annual report; revocation of provisions
- Section 53E Agencies, boards, etc.; annual operating costs; offset by estimated receipts of user fees
- Section 53F Deposits of public funds in banking institutions in return for banking services
- Section 53G Employment of outside consultants
- Section 53H Rebate to federal government to exclude interest paid on bonds from gross income
- Section 53I Settlement or incorporation celebrations; special fund
- Section 53J Reservation of revenues from betterments or special assessments to repay debt issued in connection to such improvements
- Section 53K Establishment of revenue account
- Section 53A1/2 Gifts of tangible personal property; acceptance
- Section 53E1/2 Revolving funds
- Section 53E3/4 Energy Revolving Loan Fund
- Section 53F1/2 Enterprise funds
- Section 53F3/4 PEG Access and Cable Related Fund
- Section 53G1/2 Special account for deposits to secure the performance of an obligation by an applicant for a license or permit
- Section 54 Investment of trust funds
- Section 55 Public funds on deposit; limitations; investments
- Section 55A Liability of depositor for losses due to bankruptcy
- Section 55B Investment of public funds
- Section 55C Municipal Affordable Housing Trust Fund
- Section 56 Towns; fiscal year
- Section 56A Cities; fiscal year
- Section 57 Taxation; interest on debts incurred in aid of a railroad
- Section 58 Cities and towns; limitation on purchasing powers
- Section 59 Enforcement of chapter
- Section 60 Penalty for violation of law controlling handling of town and district notes
- Section 61 Penalty for refusal to issue bond in exchange for bearer instruments in sinking funds
- Section 62 Penalty for violation of provisions of chapter by officials
- Section 63 Sale or other disposal of realty; disposition of proceeds
- Section 63A Sales of public land; payment of taxes
- Section 64 Payment of bills incurred in excess of appropriations
- Section 65 Vacation pay; advances to employees
- Section 66 Advances to public employees
- Section 67 Deferred compensation program for employees; authorized investments; requisites; limitations
- Section 67A Employee individual retirement accounts
- Section 68 Retroactive salary increases
- Section 69 Municipal or district services, fees or charges; insufficient funds checks or electronic funds transfers; penalty
- Section 70 Payment for municipal programs, services, and activities; federal government reimbursements and other resources
- Section 71 Contracts for revenue raising activities; regulations and guidelines; negotiation
- Section 72 Federal funds for reimbursable medical expenses; distribution
- Section 73 Requests for proposals for design and construction services in public-private partnership development agreement seeking assistance under chapter 29C; technical assistance from public-private partnership infrastructure oversight commission