Section 83. The commission is hereby authorized and directed to accept and use gifts made unconditionally by will or otherwise for carrying out the provisions of sections seventy-four to eighty-four, inclusive. Gifts made under such conditions as in the judgment of the commission are proper and consistent with said provisions may be so accepted and shall be held, invested, reinvested and the principal and interest thereof may be used in accordance with the conditions of the gift and may be expended under the order or the approval of the commission without specific appropriation.

Terms Used In Massachusetts General Laws ch. 6 sec. 83

  • 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
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
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