State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEIII > CHAPTER29D > Section2

Section 2. (a) The trust fund shall be managed by the board of trustees established in section 4. All transactions affecting said trust fund including, but not limited to, all amounts credited to and all expenditures, transfers or allocations made from the trust fund, shall be recorded by subsidiary on the Massachusetts management accounting and reporting system.

(b) Said trust fund shall be classified by the comptroller as a nonbudgeted fund of the commonwealth. Amounts credited to said trust fund, including both principal and earnings, shall not be subject to the calculation of the consolidated net surplus pursuant to sections 2H and 5C of chapter 29.

State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEIII > CHAPTER29D > Section2

Section 2. (a) The trust fund shall be managed by the board of trustees established in section 4. All transactions affecting said trust fund including, but not limited to, all amounts credited to and all expenditures, transfers or allocations made from the trust fund, shall be recorded by subsidiary on the Massachusetts management accounting and reporting system.

(b) Said trust fund shall be classified by the comptroller as a nonbudgeted fund of the commonwealth. Amounts credited to said trust fund, including both principal and earnings, shall not be subject to the calculation of the consolidated net surplus pursuant to sections 2H and 5C of chapter 29.


State Codes and Statutes


Back To Homepage

State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEIII > CHAPTER29D > Section2

Section 2. (a) The trust fund shall be managed by the board of trustees established in section 4. All transactions affecting said trust fund including, but not limited to, all amounts credited to and all expenditures, transfers or allocations made from the trust fund, shall be recorded by subsidiary on the Massachusetts management accounting and reporting system.

(b) Said trust fund shall be classified by the comptroller as a nonbudgeted fund of the commonwealth. Amounts credited to said trust fund, including both principal and earnings, shall not be subject to the calculation of the consolidated net surplus pursuant to sections 2H and 5C of chapter 29.


Disclaimer
There is no confidential attorney-client relationship formed by using Laws.com website and information provided on this site is not legal advice. For legal advice, please contact your attorney. Attorneys listed on this website are not referred or endorsed by this website. By using Laws.com you agree to Laws.com Terms Of Use.
Copyright © 2017 Laws.com | All rights reserved

Loading..

Close Window

Loading, Please Wait!

This may take a second or two.