Section 20. The commission shall at all times keep full and accurate accounts of its receipts, expenditures, disbursements, assets and liabilities, which shall be open to inspection by any officer or duly appointed agent of the commonwealth or the municipality. The commission shall submit an annual report in writing concerning its operations to the legislative and executive bodies of the municipality within one hundred and twenty days following the close of its fiscal year. Such report for the fiscal year ending one year after acceptance of this chapter and for each fiscal year thereafter, shall include financial statements relating to the operations and properties of the commission maintained in accordance with generally accepted accounting principles to the extent applicable and audited by an independent certified public accountant or firm of certified public accountants.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title VII - Cities, Towns and Districts
Chapter 40n - Model Water and Sewer Commission
Section 4 - Municipal Water and Sewer Commissions; Creation; Members
Section 5 - Executive Director; Officers
Section 7 - Employees; Transfer
Section 9 - Additional Powers and Limitations
Section 10 - Issuance of Notes; Collection and Enforcement Powers
Section 11 - Issuance of Bonds; Temporary Notes
Section 14 - Payment of Bonds From Bond Proceeds; Liability
Section 15 - Moneys Received Deemed to Be Trust Funds
Section 16 - Bonds Eligible for Investment
Section 17 - Bonds Deemed to Be Investment Securities
Section 18 - Bonds Issued Without Consent of Other Entities
Section 20 - Records; Reports; Inspection
Section 21 - Termination or Dissolution of Commission
Section 22 - Inconsistent Laws or Ordinances Inoperative
Section 23 - Provisions of Act Controlling
Section 24 - Construction of Act
Section 25 - Regional Water and Sewer District Commissions; Formation
Section 26 - Construction of Act; Constitutional Requirements