Massachusetts General Laws ch. 200A sec. 15 – Insufficient funds; payment of expenses incurred in anticipation of revenues to be received during fiscal year
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Section 15. If during any session of the legislature there are insufficient funds in the Unclaimed Property Fund to pay all the claims which have been allowed by the state treasurer or ordered to be paid by the court, the treasurer may incur expenses and the comptroller may certify for payment expenses incurred in anticipation of revenues to be received during the fiscal year.
Terms Used In Massachusetts General Laws ch. 200A sec. 15
- 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.