Section 1. As used in this chapter, the following words shall, unless the context requires otherwise, have the following meanings. All words and terms defined by section thirty-nine A of chapter seven and appearing in this chapter, except for the phrase “state agency”, shall have the meaning defined therein unless the context shall indicate another meaning or intent:—
“Account” or “Line-item”, a separate unit of appropriation identified by an eight-digit number.
“Appropriation”, the authorization by the general court with the approval of the governor, or by overriding his objection thereto, of the expenditure of state revenues from a specified fund for a specified purpose up to a specified maximum amount for a specified period of time.
“Balanced budget”, a condition of state finance in which the following requirements are met:
(i) the consolidated net surplus at the end of the fiscal year is greater than or equal to one-half of 1 per cent of state tax revenues for such fiscal year; and
(ii) the amount transferred to the stabilization fund under subsection (a) of section 5C is greater than or equal to 1/2 of 1 per cent of state tax revenue for such fiscal year.
“Bond fund”, a fund of the commonwealth into which bond revenues are deposited.
“Bond revenues”, the proceeds of bonds issued by the commonwealth and the interest earned thereon.
“Budget director”, the administrative head of the fiscal affairs division within the executive office for administration and finance.
“Budgetary funds”, state funds which are subject to appropriation as provided in section six.
“Budgeted revenues and other financial resources pertaining to the budgeted funds”, inflows from tax and nontax sources that are directed by law to be accounted and reported to a fund which is subject to annual appropriation.
“Commissioner”, the commissioner of administration as provided for in section four of chapter seven.
“Consolidated net surplus in the budgetary funds”, the sum of the undesignated balances in the budgetary funds, except funds established by section 2H and section 2I and by section 2C of chapter 131.
“Council”, the Robert H. Goddard Council on Science, Technology, Engineering and Mathematics Education established pursuant to section 4A of chapter 15A.
“Direct appropriation”, a first-time appropriation of state revenues, from sources other than bond revenues, retained revenues, and federal grants.
“Direct debt limit”, the sum of the principal amounts of all direct debt issued by the commonwealth for the purposes of financing state projects and purposes with the exception of debt issued on a short-term basis in anticipation of receipts from taxes and other sources.
“Federal grant”, any financial assistance available to a state agency from the United States government, either directly or through an intermediary, whether a project, formula, or block grant, a subvention, a subsidy, an augmentation, or a state plan. For the purposes of this chapter “federal grant” shall not mean such financial assistance provided pursuant to Titles XVIII or XIX of the Social Security Act or other reimbursements received for state entitlement expenditures and credited to the General Fund nor does it mean federal financial assistance from the United States government for direct payments to individuals, or for other purposes as provided for in section thirty-four of chapter ninety, section two of chapter one hundred and thirty-one, section ten of chapter one hundred and thirty-two A, section two E of chapter twenty-nine, chapter ninety-two, and section forty-eight of chapter one hundred and fifty-one A.
“Fund”, an accounting entity established by general or special law to record all the financial resources or revenues together with all related expenditures or liabilities that are segregated for a particular purpose.
“Prior appropriation continued” or “PAC”, a phrase used to reappropriate unexpended and unencumbered monies from one fiscal year for the subsequent fiscal year.
“Retained revenue”, the income of state agency or other public instrumentality from its operations which by law it is allowed to expend for a particular purpose up to a specified limit without further appropriation which would otherwise be subject to direct appropriation.
“Revenue retention account”, an account which allows a state agency or other public instrumentality to use retained revenue during the fiscal year in which such revenue is received to maintain all or a portion of its operations.
“Revolving account”, a revenue retention account in which the retained revenues unspent or unencumbered at the end of a fiscal year are carried over into the next fiscal year for expenditure.
“Secretary”, the officer in charge of each executive office established by chapters six A and seven; provided, however, that secretary shall mean the board for the board of regents of higher education and the board of education; and provided, further that secretary shall mean the court for the supreme judicial court.
“State agency”, a state agency, board, bureau, department, division, section, or commission of the commonwealth.
“State Authority”, shall include the following: Bay State Skills Corporation, Boston Metropolitan District, Centers of Excellence Corporation, Community Economic Development Assistance Corporation, Community Development Finance Corporation, Government Land Bank, Massachusetts Bay Transportation Authority, Massachusetts Business Development Corporation, Massachusetts Convention Center Authority, Massachusetts Corporations for Educational Telecommunications, Massachusetts Educational Loan Authority, Massachusetts Health and Educational Facilities Authority, Massachusetts Horse Racing Authority, Massachusetts Housing Finance Agency, Massachusetts Industrial Finance Agency, Massachusetts Industrial Service Program, Massachusetts Port Authority, Massachusetts Product Development Corporation, Massachusetts Technology Development Corporation, Massachusetts Technology Park Corporation, Massachusetts Turnpike Authority, Massachusetts Water Resources Authority, Pension Reserves Investment Management Board, State College Building Authority, Southeastern Massachusetts University Building Authority, Thrift Institutions Fund for Economic Development, University of Lowell Building Authority, University of Massachusetts Building Authority, and the Water Pollution Abatement Trust.
“State revenue”, all income from state taxes, state agency fees, fines, assessments, charges, and other departmental revenues, retained revenues, federal grants, federal reimbursements, lottery receipts, court judgments and the earnings on such income.
“State tax revenues”, the revenues of the commonwealth from every tax, surtax, receipt, penalty and other monetary exaction and interest in connection therewith including, but not limited to, taxes and surtaxes on personal income, excises and taxes on retail sales and use, meals, motor vehicle fuels, businesses and corporations, commercial banks, insurance companies, savings banks, public utilities, alcoholic beverages, tobacco, inheritances, estates, deeds, room occupancy and pari-mutuel wagering, but excluding revenues collected by the state from local option taxes, so-called, for further direct distribution to cities and towns.
“Tax expenditures”, state tax revenue foregone as a direct result of the provisions of any general or special law which allows exemptions, exclusions, deductions from, or credits against, the taxes imposed on income, corporations, and sales.
“Trust fund”, a fund into which are deposited monies held by the commonwealth or state agencies in a trustee capacity and which must be expended in accordance with the terms of the trust.
Section 1. As used in this chapter, the following words shall, unless the context requires otherwise, have the following meanings. All words and terms defined by section thirty-nine A of chapter seven and appearing in this chapter, except for the phrase “state agency”, shall have the meaning defined therein unless the context shall indicate another meaning or intent:—
“Account” or “Line-item”, a separate unit of appropriation identified by an eight-digit number.
“Appropriation”, the authorization by the general court with the approval of the governor, or by overriding his objection thereto, of the expenditure of state revenues from a specified fund for a specified purpose up to a specified maximum amount for a specified period of time.
“Balanced budget”, a condition of state finance in which the following requirements are met:
(i) the consolidated net surplus at the end of the fiscal year is greater than or equal to one-half of 1 per cent of state tax revenues for such fiscal year; and
(ii) the amount transferred to the stabilization fund under subsection (a) of section 5C is greater than or equal to 1/2 of 1 per cent of state tax revenue for such fiscal year.
“Bond fund”, a fund of the commonwealth into which bond revenues are deposited.
“Bond revenues”, the proceeds of bonds issued by the commonwealth and the interest earned thereon.
“Budget director”, the administrative head of the fiscal affairs division within the executive office for administration and finance.
“Budgetary funds”, state funds which are subject to appropriation as provided in section six.
“Budgeted revenues and other financial resources pertaining to the budgeted funds”, inflows from tax and nontax sources that are directed by law to be accounted and reported to a fund which is subject to annual appropriation.
“Commissioner”, the commissioner of administration as provided for in section four of chapter seven.
“Consolidated net surplus in the budgetary funds”, the sum of the undesignated balances in the budgetary funds, except funds established by section 2H and section 2I and by section 2C of chapter 131.
“Council”, the Robert H. Goddard Council on Science, Technology, Engineering and Mathematics Education established pursuant to section 4A of chapter 15A.
“Direct appropriation”, a first-time appropriation of state revenues, from sources other than bond revenues, retained revenues, and federal grants.
“Direct debt limit”, the sum of the principal amounts of all direct debt issued by the commonwealth for the purposes of financing state projects and purposes with the exception of debt issued on a short-term basis in anticipation of receipts from taxes and other sources.
“Federal grant”, any financial assistance available to a state agency from the United States government, either directly or through an intermediary, whether a project, formula, or block grant, a subvention, a subsidy, an augmentation, or a state plan. For the purposes of this chapter “federal grant” shall not mean such financial assistance provided pursuant to Titles XVIII or XIX of the Social Security Act or other reimbursements received for state entitlement expenditures and credited to the General Fund nor does it mean federal financial assistance from the United States government for direct payments to individuals, or for other purposes as provided for in section thirty-four of chapter ninety, section two of chapter one hundred and thirty-one, section ten of chapter one hundred and thirty-two A, section two E of chapter twenty-nine, chapter ninety-two, and section forty-eight of chapter one hundred and fifty-one A.
“Fund”, an accounting entity established by general or special law to record all the financial resources or revenues together with all related expenditures or liabilities that are segregated for a particular purpose.
“Prior appropriation continued” or “PAC”, a phrase used to reappropriate unexpended and unencumbered monies from one fiscal year for the subsequent fiscal year.
“Retained revenue”, the income of state agency or other public instrumentality from its operations which by law it is allowed to expend for a particular purpose up to a specified limit without further appropriation which would otherwise be subject to direct appropriation.
“Revenue retention account”, an account which allows a state agency or other public instrumentality to use retained revenue during the fiscal year in which such revenue is received to maintain all or a portion of its operations.
“Revolving account”, a revenue retention account in which the retained revenues unspent or unencumbered at the end of a fiscal year are carried over into the next fiscal year for expenditure.
“Secretary”, the officer in charge of each executive office established by chapters six A and seven; provided, however, that secretary shall mean the board for the board of regents of higher education and the board of education; and provided, further that secretary shall mean the court for the supreme judicial court.
“State agency”, a state agency, board, bureau, department, division, section, or commission of the commonwealth.
“State Authority”, shall include the following: Bay State Skills Corporation, Boston Metropolitan District, Centers of Excellence Corporation, Community Economic Development Assistance Corporation, Community Development Finance Corporation, Government Land Bank, Massachusetts Bay Transportation Authority, Massachusetts Business Development Corporation, Massachusetts Convention Center Authority, Massachusetts Corporations for Educational Telecommunications, Massachusetts Educational Loan Authority, Massachusetts Health and Educational Facilities Authority, Massachusetts Horse Racing Authority, Massachusetts Housing Finance Agency, Massachusetts Industrial Finance Agency, Massachusetts Industrial Service Program, Massachusetts Port Authority, Massachusetts Product Development Corporation, Massachusetts Technology Development Corporation, Massachusetts Technology Park Corporation, Massachusetts Turnpike Authority, Massachusetts Water Resources Authority, Pension Reserves Investment Management Board, State College Building Authority, Southeastern Massachusetts University Building Authority, Thrift Institutions Fund for Economic Development, University of Lowell Building Authority, University of Massachusetts Building Authority, and the Water Pollution Abatement Trust.
“State revenue”, all income from state taxes, state agency fees, fines, assessments, charges, and other departmental revenues, retained revenues, federal grants, federal reimbursements, lottery receipts, court judgments and the earnings on such income.
“State tax revenues”, the revenues of the commonwealth from every tax, surtax, receipt, penalty and other monetary exaction and interest in connection therewith including, but not limited to, taxes and surtaxes on personal income, excises and taxes on retail sales and use, meals, motor vehicle fuels, businesses and corporations, commercial banks, insurance companies, savings banks, public utilities, alcoholic beverages, tobacco, inheritances, estates, deeds, room occupancy and pari-mutuel wagering, but excluding revenues collected by the state from local option taxes, so-called, for further direct distribution to cities and towns.
“Tax expenditures”, state tax revenue foregone as a direct result of the provisions of any general or special law which allows exemptions, exclusions, deductions from, or credits against, the taxes imposed on income, corporations, and sales.
“Trust fund”, a fund into which are deposited monies held by the commonwealth or state agencies in a trustee capacity and which must be expended in accordance with the terms of the trust.
Section 1. As used in this chapter, the following words shall, unless the context requires otherwise, have the following meanings. All words and terms defined by section thirty-nine A of chapter seven and appearing in this chapter, except for the phrase “state agency”, shall have the meaning defined therein unless the context shall indicate another meaning or intent:—
“Account” or “Line-item”, a separate unit of appropriation identified by an eight-digit number.
“Appropriation”, the authorization by the general court with the approval of the governor, or by overriding his objection thereto, of the expenditure of state revenues from a specified fund for a specified purpose up to a specified maximum amount for a specified period of time.
“Balanced budget”, a condition of state finance in which the following requirements are met:
(i) the consolidated net surplus at the end of the fiscal year is greater than or equal to one-half of 1 per cent of state tax revenues for such fiscal year; and
(ii) the amount transferred to the stabilization fund under subsection (a) of section 5C is greater than or equal to 1/2 of 1 per cent of state tax revenue for such fiscal year.
“Bond fund”, a fund of the commonwealth into which bond revenues are deposited.
“Bond revenues”, the proceeds of bonds issued by the commonwealth and the interest earned thereon.
“Budget director”, the administrative head of the fiscal affairs division within the executive office for administration and finance.
“Budgetary funds”, state funds which are subject to appropriation as provided in section six.
“Budgeted revenues and other financial resources pertaining to the budgeted funds”, inflows from tax and nontax sources that are directed by law to be accounted and reported to a fund which is subject to annual appropriation.
“Commissioner”, the commissioner of administration as provided for in section four of chapter seven.
“Consolidated net surplus in the budgetary funds”, the sum of the undesignated balances in the budgetary funds, except funds established by section 2H and section 2I and by section 2C of chapter 131.
“Council”, the Robert H. Goddard Council on Science, Technology, Engineering and Mathematics Education established pursuant to section 4A of chapter 15A.
“Direct appropriation”, a first-time appropriation of state revenues, from sources other than bond revenues, retained revenues, and federal grants.
“Direct debt limit”, the sum of the principal amounts of all direct debt issued by the commonwealth for the purposes of financing state projects and purposes with the exception of debt issued on a short-term basis in anticipation of receipts from taxes and other sources.
“Federal grant”, any financial assistance available to a state agency from the United States government, either directly or through an intermediary, whether a project, formula, or block grant, a subvention, a subsidy, an augmentation, or a state plan. For the purposes of this chapter “federal grant” shall not mean such financial assistance provided pursuant to Titles XVIII or XIX of the Social Security Act or other reimbursements received for state entitlement expenditures and credited to the General Fund nor does it mean federal financial assistance from the United States government for direct payments to individuals, or for other purposes as provided for in section thirty-four of chapter ninety, section two of chapter one hundred and thirty-one, section ten of chapter one hundred and thirty-two A, section two E of chapter twenty-nine, chapter ninety-two, and section forty-eight of chapter one hundred and fifty-one A.
“Fund”, an accounting entity established by general or special law to record all the financial resources or revenues together with all related expenditures or liabilities that are segregated for a particular purpose.
“Prior appropriation continued” or “PAC”, a phrase used to reappropriate unexpended and unencumbered monies from one fiscal year for the subsequent fiscal year.
“Retained revenue”, the income of state agency or other public instrumentality from its operations which by law it is allowed to expend for a particular purpose up to a specified limit without further appropriation which would otherwise be subject to direct appropriation.
“Revenue retention account”, an account which allows a state agency or other public instrumentality to use retained revenue during the fiscal year in which such revenue is received to maintain all or a portion of its operations.
“Revolving account”, a revenue retention account in which the retained revenues unspent or unencumbered at the end of a fiscal year are carried over into the next fiscal year for expenditure.
“Secretary”, the officer in charge of each executive office established by chapters six A and seven; provided, however, that secretary shall mean the board for the board of regents of higher education and the board of education; and provided, further that secretary shall mean the court for the supreme judicial court.
“State agency”, a state agency, board, bureau, department, division, section, or commission of the commonwealth.
“State Authority”, shall include the following: Bay State Skills Corporation, Boston Metropolitan District, Centers of Excellence Corporation, Community Economic Development Assistance Corporation, Community Development Finance Corporation, Government Land Bank, Massachusetts Bay Transportation Authority, Massachusetts Business Development Corporation, Massachusetts Convention Center Authority, Massachusetts Corporations for Educational Telecommunications, Massachusetts Educational Loan Authority, Massachusetts Health and Educational Facilities Authority, Massachusetts Horse Racing Authority, Massachusetts Housing Finance Agency, Massachusetts Industrial Finance Agency, Massachusetts Industrial Service Program, Massachusetts Port Authority, Massachusetts Product Development Corporation, Massachusetts Technology Development Corporation, Massachusetts Technology Park Corporation, Massachusetts Turnpike Authority, Massachusetts Water Resources Authority, Pension Reserves Investment Management Board, State College Building Authority, Southeastern Massachusetts University Building Authority, Thrift Institutions Fund for Economic Development, University of Lowell Building Authority, University of Massachusetts Building Authority, and the Water Pollution Abatement Trust.
“State revenue”, all income from state taxes, state agency fees, fines, assessments, charges, and other departmental revenues, retained revenues, federal grants, federal reimbursements, lottery receipts, court judgments and the earnings on such income.
“State tax revenues”, the revenues of the commonwealth from every tax, surtax, receipt, penalty and other monetary exaction and interest in connection therewith including, but not limited to, taxes and surtaxes on personal income, excises and taxes on retail sales and use, meals, motor vehicle fuels, businesses and corporations, commercial banks, insurance companies, savings banks, public utilities, alcoholic beverages, tobacco, inheritances, estates, deeds, room occupancy and pari-mutuel wagering, but excluding revenues collected by the state from local option taxes, so-called, for further direct distribution to cities and towns.
“Tax expenditures”, state tax revenue foregone as a direct result of the provisions of any general or special law which allows exemptions, exclusions, deductions from, or credits against, the taxes imposed on income, corporations, and sales.
“Trust fund”, a fund into which are deposited monies held by the commonwealth or state agencies in a trustee capacity and which must be expended in accordance with the terms of the trust.
