Section 17. The amount of state education aid for an independent agricultural and technical school, established pursuant to chapter 74A, shall be supplemented, in the first fiscal year of establishment, with a state appropriation for 50 per cent of the local assessment required of cities and towns with students enrolled in said school, and in the second fiscal year, with a state appropriation for 25 percent of such local assessment.

Terms Used In Massachusetts General Laws ch. 34B sec. 17

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
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