Massachusetts General Laws
Mass. Gen. Laws ch. 75, § 10 (2026)
Receipts and expenditures; annual report; monthly statements; accounting system
✓ current as of July 2026
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Section 10. 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 university.
Notes of Decisions
Cited in 2
cases, 1989–1997 · leading case: McNamara v. Honeyman, 546 N.E.2d 139 (Mass. 1989).
McNamara v. Honeyman, 546 N.E.2d 139 (Mass. 1989). “G.L.c. 75, § 10. The medical school has no authority to issue bonds.”
Daniel v. Am. Bd. of Emergency Med., 988 F. Supp. 127 (W.D.N.Y. 1997). “Mass.Gen.L. ch. 75, § 10. Thus, the funds of both the medical center and the university are regulated through the trustees, acting on behalf of the governor and legislature.”
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