Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Section 40 of chapter 44 of the General Laws, as appearing in the 1984 Official Edition, is hereby amended by adding the following paragraph:-
Commencing with the fiscal year nineteen hundred and eighty-seven, regional school districts may satisfy the requirements of the Single Audit Act of 1984, 31 USC Sec. 7502, by causing audits of its records to be made annually or biennially by an independent auditor to be selected by such regional school districts to conduct such audits. Such audits shall be made in accordance with federal government auditing standards.