Section 3D. The authority, in cooperation with the state treasurer, shall at all times keep accounts of all receipts, expenditures and disbursements and all assets and liabilities of the authority, which shall be open to inspection by any officer or duly appointed agent of the commonwealth. The authority shall submit an annual report, in writing, to the governor and the clerks of the house of representatives and the senate, who shall forward the same to the president of the senate, the speaker of the house of representatives, the chairpersons of the house and senate committees on ways and means and the house and senate chairpersons of the joint committee on education, arts and humanities. The report shall include financial statements relating to the operations, assets and expenditures of the authority maintained in accordance with generally accepted accounting principles so far as applicable and audited by an independent certified public accountant firm.
Structure Massachusetts General Laws
Part I - Administration of the Government
Chapter 70b - School Building Assistance Program
Section 1 - School Building Assistance Program; Establishment
Section 1a - School Building Authority
Section 3a - School Building Advisory Board; Establishment; Members
Section 3d - Accounts; Annual Report
Section 5 - School Facilities Grant Applications
Section 6 - Examination of Application by Board of Education; Notice of Approval or Rejection
Section 7 - Limit on Estimated Amount of Grants Approved by Authority
Section 10 - Facilities Grants for Approved Projects; Formula
Section 11 - Disbursement Schedule
Section 14 - Approved Alternative Projects; Allowable Costs
Section 16 - Maintenance Assessment Program for School Buildings
Section 17 - Annual Report; Anticipated Needs for School Facilities Projects
Section 19 - Notification of Actual Interest Rate for Bond Issuance