GENERAL LAWS OF MASSACHUSETTS

CHAPTER 44. MUNICIPAL FINANCE.

DEFINITIONS.

Chapter 44, Section 1. Definitions.

MUNICIPAL INDEBTEDNESS.

Chapter 44, Section 2. Limitations and restrictions.

Chapter 44, Section 3. Computation of indebtedness.

Chapter 44, Section 4. Temporary loans in anticipation of revenue; conditions; limitations.

Chapter 44, Section 4A. Repealed, 1990, 210, Sec. 2.

Chapter 44, Section 4B. Expired. See 1976, 4, Sec. 33.

Chapter 44, Section 5--5B. Repealed, 1969, 849, Sec. 48; 1971, 766, Sec. 11.

Chapter 44, Section 6. Power to borrow for payment of land or highway expenditures.

Chapter 44, Section 6A. Power to borrow in anticipation of reimbursement by commonwealth.

Chapter 44, Section 7. Cities and towns; purposes for borrowing money within debt limit.

Chapter 44, Section 8. Cities and towns; purposes for borrowing money outside debt limit.

Chapter 44, Section 8A. Orders authorizing issuance of bonds; authentication.

Chapter 44, Section 8B. Cities and towns; right to replace lost funds deposited; liquidation or insolvency of depository bank.

Chapter 44, Section 8C. Cities and towns; acquisition of land for conservation or recreation purposes in anticipation of state or federal reimbursement of expense; temporary debt outside limit authorized.

Chapter 44, Section 9. Districts; right to borrow money; purposes; amount.

Chapter 44, Section 10. Debt limit.

Chapter 44, Section 11. Debt retirement; provision for earlier payment.

Chapter 44, Section 12. Repealed, 1946, 358, Sec. 16.

Chapter 44, Section 13, 13A. Repealed, 1971, 766, Sec. 11.

LIABILITY FOR DEBTS.

Chapter 44, Section 14. Liability for lawful debts.

Chapter 44, Section 15. Liability for legal debts contracted under special acts.

BONDS, NOTES AND CERTIFICATES OF INDEBTEDNESS.

Chapter 44, Section 16. Issuance; procedure; form; contracts with banking or financial institutions.

Chapter 44, Section 16A. Facsimile signature.

Chapter 44, Section 16B. Facsimile seal; validity.

Chapter 44, Section 16C. Repealed, 1984, 400, Sec. 3.

Chapter 44, Section 17. Temporary loans; refund; repayment.

Chapter 44, Section 17A. Repealed, 1992, 143, Sec. 3.

Chapter 44, Section 18. Discount of notes.

Chapter 44, Section 19. Issuance of notes payable on demand forbidden; procedure for repaying debts; consolidated municipal purpose loans; repayment schedule for approved school project loans.

Chapter 44, Section 19A. Inability to pay interest or principal of bonds, notes or certificates of indebtedness; notice; certification to state treasurer; payment by state treasurer.

Chapter 44, Section 20. Proceeds from sale of bonds; restrictions on use; disposition of premiums.

Chapter 44, Section 20A. Advances made in anticipation of proceeds.

Chapter 44, Section 21. Call and redemption prior to maturity.

Chapter 44, Section 21A. Refunding bonds; issuance; present values.

Chapter 44, Section 22. Rate of interest.

Chapter 44, Section 22A. Insurance, letters or lines of credit for bonds or notes; trust agreements.

Chapter 44, Section 22B. Bonds and notes; official statements; collateral tax consequences to social security recipients.

Chapter 44, Section 22C. Security for bonds or notes; insurance, letters or lines of credit, trust agreements.

FORM AND CERTIFICATION OF TOWN AND DISTRICT NOTES.

Chapter 44, Section 23. Forms for notes.

Chapter 44, Section 24. Authentication; certification.

Chapter 44, Section 24A. Bearer instruments.

Chapter 44, Section 25. Payment; notice to director of accounts.

Chapter 44, Section 26. Fees for certification.

Chapter 44, Section 27. Certification; evidence of liability.

Chapter 44, Section 27A. Effect of provisions on power to issue notes.

REPORT OF BORROWING.

Chapter 44, Section 28. Report to director of accounts required.

Chapter 44, Section 28A. Applicability of finance law to school districts.

Chapter 44, Section 28B. Applicability of finance law to planning districts.

Chapter 44, Section 28C. Management of solid waste; project costs; debt obligations.

TAX LIMIT IN CITIES.

Chapter 44, Section 29. Repealed, 1969, 849, Sec. 48; 1971, 766, Sec. 11.

DEPARTMENT APPROPRIATIONS.

Chapter 44, Section 30. Determination of amount.

Chapter 44, Section 31. Liabilities in excess of appropriations forbidden; exceptions.

Chapter 44, Section 31A. Report of estimated expenses; period covered; contents.

Chapter 44, Section 31B. Repealed, 1969, 505, Sec. 6.

Chapter 44, Section 31C. Construction contracts; certificate as to availability of funds; effect of certificate upon defense of insufficiency of appropriations.

Chapter 44, Section 31D. Snow and ice removal; emergency expenditures; reporting requirements.

BUDGET IN CITIES.

Chapter 44, Section 32. Submission to city council; procedure for approval, rejection or alteration.

Chapter 44, Section 33. Power of council to add to appropriation; conditions; limitations.

Chapter 44, Section 33A. Salary provisions in budget; requirements and limitations.

Chapter 44, Section 33B. Transfer of appropriations; restrictions.

Chapter 44, Section 34. Repealed, 1969, 849, Sec. 48; 1971, 766, Sec. 11.

AUDITING.

Chapter 44, Section 35. Towns and districts; right to petition for an audit or installation of accounting system.

Chapter 44, Section 36. Cities; right to petition for an audit or installation of accounting system.

Chapter 44, Section 37. Duties of director in respect to installation of accounting system.

Chapter 44, Section 38. Uniformity of accounting systems.

Chapter 44, Section 39. Results of audit; report to municipality.

Chapter 44, Section 40. Audit of accounts; frequency.

Chapter 44, Section 41. Expenses of auditing; payment.

Chapter 44, Section 42. Audits by private accountants; required reports.

Chapter 44, Section 43. Accounting reports; returns; forms.

Chapter 44, Section 44. Reports of municipal statistics; publication.

Chapter 44, Section 45. Powers of director; attendance of witnesses; production of books and documents.

Chapter 44, Section 46. Destruction of records.

Chapter 44, Section 46A. Powers of director; investigation of municipal affairs.

SINKING FUNDS.

Chapter 44, Section 47. Right to establish or use.

Chapter 44, Section 48. Sinking fund commissioners; powers and duties; records; compensation.

Chapter 44, Section 49. Issuance of new bonds.

Chapter 44, Section 50. Repealed, 1921, 486, Sec. 12.

Chapter 44, Section 51. Repealed, 1938, 458.

Chapter 44, Section 52. Issuance of bonds in exchange for bearer instruments.

MISCELLANEOUS PROVISIONS.

Chapter 44, Section 53. City, town or district funds; use and disposition.

Chapter 44, Section 53A. Grants and gifts; acceptance and expenditure.

Chapter 44, Section 53A½. Gifts of tangible personal property; acceptance.

Chapter 44, Section 53B. Contributions by commonwealth; application to indebtedness.

Chapter 44, Section 53C. Deposit and expenditure of compensation for off-duty or special detail work; appropriation for special fund; fee.

Chapter 44, Section 53D. Recreation and park self-supporting service revolving funds; creation; authorized use of funds; annual report; revocation of provisions.

Chapter 44, Section 53E. Agencies, boards, etc.; annual operating costs; offset by estimated receipts of user fees.

Chapter 44, Section 53E½. Revolving funds.

Chapter 44, Section 53F. Deposits of public funds in banking institutions in return for banking services.

Chapter 44, Section 53F½. Enterprise funds.

Chapter 44, Section 53G. Employment of outside consultants.

Chapter 44, Section 53H. Rebate to federal government to exclude interest paid on bonds from gross income.

Chapter 44, Section 53I. Settlement or incorporation celebrations; special fund.

Chapter 44, Section 54. Investment of trust funds.

Chapter 44, Section 55. Public funds on deposit; limitations; investments.

Chapter 44, Section 55A. Liability of depositor for losses due to bankruptcy.

Chapter 44, Section 55B. Investment of public funds.

Chapter 44, Section 56. Towns; fiscal year.

Chapter 44, Section 56A. Cities; fiscal year.

Chapter 44, Section 57. Taxation; interest on debts incurred in aid of a railroad.

Chapter 44, Section 58. Cities and towns; limitation on purchasing powers.

Chapter 44, Section 59. Enforcement of chapter.

Chapter 44, Section 60. Penalty for violation of law controlling handling of town and district notes.

Chapter 44, Section 61. Penalty for refusal to issue bond in exchange for bearer instruments in sinking funds.

Chapter 44, Section 62. Penalty for violation of provisions of chapter by officials.

Chapter 44, Section 63. Sale or other disposal of realty; disposition of proceeds.

Chapter 44, Section 63A. Sales of public land; payment of taxes.

Chapter 44, Section 64. Payment of bills incurred in excess of appropriations.

Chapter 44, Section 65. Vacation pay; advances to employees.

Chapter 44, Section 66. Advances to public employees.

Chapter 44, Section 67. Deferred compensation program for employees; authorized investments; requisites; limitations.

Chapter 44, Section 67A. Employee individual retirement accounts.

Chapter 44, Section 68. Retroactive salary increases.

Chapter 44, Section 69. Municipal services, fees or charges; insufficient funds checks; penalty.

Chapter 44, Section 70. Payment for municipal programs, services, and activities; federal government reimbursements and other resources.

Chapter 44, Section 71. Contracts for revenue raising activities; regulations and guidelines; negotiation.

Chapter 44, Section 72. Federal funds for reimbursable medical services; distribution..


Return to:

** Next Chapter TOC ** Previous Chapter TOC ** Legislative Home Page