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November 21, 2024 Rain | 47°F
The 193rd General Court of the Commonwealth of Massachusetts

Section 13: Financial report; accounting system

Section 13. A complete financial report covering all receipts and expenditures shall be made annually to the governor and the general court. Monthly statements of receipts and expenditures shall be made to the state comptroller. The trustees shall see that there is maintained an accounting system as required by the state comptroller and the trustees may maintain such additional accounts as they deem necessary for the management of the state universities.