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Bill > S688


MA S688

Eliminating form 901 reporting requirement


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to eliminate form 901 reporting requirement. Higher Education.

AI Summary

This bill eliminates the requirement for public higher education institutions in Massachusetts to file Form 901 financial reports. Instead, the bill requires these institutions to annually produce and file audited financial statements in accordance with generally accepted accounting principles, auditing standards, and governmental auditing standards. The statements must include all expenditures and revenues from all appropriated and non-appropriated funds, and must be filed with the Governor, Office of the State Comptroller, Board of Higher Education, and legislative committees on ways and means and higher education by October 15 each year.

Committee Categories

Education

Sponsors (1)

Last Action

Accompanied a study order, see S2487 (on 04/26/2018)

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