Section 42. The Low–Level Radioactive Waste Trust Fund, established by section thirty-five H of chapter ten, shall be administered by the board, without liability on the part of the commonwealth beyond the amounts credited to and earned by the fund.

Terms Used In Massachusetts General Laws ch. 111H sec. 42

  • 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.

The treasurer shall make payments from accounts of said fund upon receipt of a warrant listing all payments to be made and the accounts to be debited, which has been approved in writing by the board.

The state treasurer shall on or before July first of each year, submit to the board, the governor, the clerk of the senate and the clerk of the house of representatives, an annual report for the previous fiscal year. Said report shall include a statement of the revenues and disbursements of said Fund for the fiscal year, the balance at the beginning and the end of the fiscal year for each account within the trust fund, and any other information the treasurer deems appropriate.

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