Massachusetts General Laws ch. 29 sec. 13 – Encumbrances outstanding at close of fiscal year
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Section 13. Encumbrances outstanding on the records of the comptroller’s office at the close of the fiscal year may be applied to the payment thereof in the 2 months immediately succeeding such fiscal year.
Terms Used In Massachusetts General Laws ch. 29 sec. 13
- 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.