Chapter 29

Section 31E. Notwithstanding any general or special law to the contrary, a state employee, during working hours and at such times as are approved by the employee's supervisor and under regulations promulgated hereunder, may, without loss of salary, provide voluntary services at a…

Section 32. Any check issued by the state treasurer or by any agent or agency of the commonwealth, other than checks issued in payment of obligations of the state board of retirement, the teachers' retirement board and the MassHealth program, which is not presented for payment wi…

Section 32A. No wage or salary which is or shall be due from the commonwealth shall be payable later than 6 years after the same has or shall become due, and the obligation of the commonwealth to pay such wage or salary or otherwise to pay for the services rendered by the person …

Section 34. (a) State officers, departments, institutions and other agencies may, with the written consent of the state treasurer, deposit a portion of the public monies in their possession in national banks, federal savings banks and federal savings and loan associations, lawful…

Section 35. No bond or security belonging to the commonwealth shall be transferred except with the written approval of the governor. A note, bond, mortgage or other security which has been made to the state treasurer by name may be assigned, transferred or discharged by him or by…

Section 36. If the state treasurer is authorized to discharge a mortgage held by the commonwealth, the state treasurer may assign it instead of discharging it; but such assignment shall not impose upon the commonwealth any liability, express or implied.

Section 37. Real estate acquired by the commonwealth by foreclosure may, with the approval of the governor and council, be conveyed by the state treasurer upon payment of the amount of the mortgage debt with the interest and expenses accrued thereon.

Section 38. With the exception of funds used in connection with a deferred compensation program for state employees, and funds of the state employees' retirement system or the teachers' retirement system, all funds over which the commonwealth has exclusive control shall be invest…

Section 38A. Notwithstanding any general or special law to the contrary, the state treasurer may establish 1 or more combined investment funds to invest funds of the commonwealth, trust funds, and funds under the custody of agencies, authorities, commissions, boards, political su…

Section 38B. There shall be in the office of the state treasurer a deferred compensation committee, consisting of 3 members; 1 of whom shall be appointed by the governor, shall represent the employees who contract with the state treasurer for a deferred compensation program under…

Section 38C. In connection with or incidental to the acquisition or carrying of any investment or program of investment or carrying of bonds or notes, the state treasurer, after consultation with the state finance and governance board established under section 97 of chapter 6, ma…

Section 39. When the commonwealth holds any bond, note or certificate of indebtedness payable to bearer and issued by a county, city, town or district or any domestic corporation, such county, city, town, district or corporation shall, at the request of the state treasurer, issue…

Section 3A. Any officer having charge of any state agency which receives a periodic appropriation from the commonwealth, or any officer of a state authority, shall upon the request of any standing committee of the house or senate, or of any joint standing committee of the general…

Section 3B. The Massachusetts Bay Transportation Authority and the several regional transit authorities shall annually, on or before September 15, submit to the state budget director, the joint committee on transportation, the house and senate committees on ways and means and the…

Section 4. Every officer having charge of any state agency who, in the officer's annual reports or otherwise, recommends or petitions for the expenditure of money by the commonwealth from any source of revenue, including expenditures to be met by assessments or from bond revenues…

Section 40. No deposit required to be made by any corporation in trust with the state treasurer, or any part thereof, shall consist of a mortgage upon real estate or of a loan upon personal notes or of notes secured by collateral. The state treasurer may receive, as a part of suc…

Section 41. The state treasurer shall have the custody and keep a separate account of all notes, bonds and mortgages belonging to the commonwealth, and shall receive all money accruing therefrom. All deeds and instruments conveying real estate to the commonwealth shall, when reco…

Section 44. The income or any surplus of funds belonging to or in the custody of the commonwealth shall, unless otherwise provided, be added to the principal.

Section 45. No securities shall hereafter be purchased for any sinking fund which do not mature on or prior to the maturity date of the indebtedness on account of which said sinking fund was established.

Section 46. The state treasurer, instead of selling any securities, belonging to any fund over which the commonwealth has exclusive control, to meet maturing liabilities, may transfer them to any other such fund upon terms and conditions approved by the governor and council.

Section 47. The state treasurer may borrow at any time during the fiscal year, in anticipation of the receipts for that year, such sums of money as may be necessary for the payment of ordinary demands on the treasury, and other legal obligations, including guaranties, of the comm…

Section 48. Bonds issued by the commonwealth shall be signed by the state treasurer or a deputy treasurer and approved by the governor. Notes issued by the commonwealth shall be signed by the state treasurer or a deputy treasurer, approved by the governor, and countersigned by th…

Section 48A. Facsimiles of the signature of the governor on original issues or transfers of bonds or notes of the commonwealth shall have the same validity and effect as the governor's written signature, and facsimiles of the seal of the commonwealth may be used on bonds and note…

Section 48B. Any official statement prepared in connection with the sale of any bonds or notes of the commonwealth and all advertising of such bonds and notes, the interest on which is excludable from gross income for federal income tax purposes under section 103 of the Internal …

Section 49. The aggregate principal amount of bonds, if any, of any issue of commonwealth bonds stated to mature in any year may vary from the aggregate principal amount of bonds of such issue stated to mature in any other year. The state treasurer may agree at or prior to the ti…

Section 49A. Notwithstanding any other general or special law to the contrary, whenever the state treasurer is authorized to issue and sell bonds of the commonwealth and the state treasurer determines to issue and sell all or a portion of such bonds in denominations of less than …

Section 49B. In addition to any other security provided by laws, bonds and notes of the commonwealth may, in the discretion of the state treasurer, be secured or supported, in whole or in part, by insurance or by lines or letters of credit or other credit or liquidity facilities …

Section 49C. (a) In issuing bonds of the commonwealth, under the law applicable thereto, the state treasurer may, under the conditions in this section, set aside and issue portions of said bonds in such form as shall be appropriate for the purposes of the college opportunity prog…

Section 50. The state treasurer shall annually in December certify to the budget director the amount necessary to provide for serial and sinking fund payments with respect to any bonds or notes of the commonwealth for the fiscal year beginning on July 1 following.

Section 53. Whenever there is to be an issue of bonds or notes of the commonwealth maturing at a time later than 3 years from their dates, excepting such bonds or notes as are to be issued for the investment of cash in any of the sinking or other established funds of the commonwe…

Section 53A. The state treasurer may, upon request of the governor, issue and sell refunding bonds of the commonwealth in an amount to be specified by the governor from time to time for the purpose of paying, at maturity or upon acceleration or redemption, any bonds of the common…

Section 54. The state treasurer may require each bidder submitting a proposal under section 53, as a condition precedent to the consideration of such bidder's proposal, to submit a good faith deposit or otherwise secure such bidder's proposal, in such manner and amount as the sta…

Section 55. The state treasurer may annually expend such sums as the general court shall appropriate for the purpose of providing for and advertising sales of bonds for the direct debt of the commonwealth and for the purpose of preparing and paying for bond books necessary for su…

Section 56. Funds from a sale of specific bonds or other securities which have reverted at the close of a fiscal year, under the act authorizing the expenditures to be financed by the sale of said bonds or other securities, or under section 14 shall first be transferred in the su…

Section 58. The state treasurer may, upon terms and regulations prescribed by the governor and council, issue, in denominations of not less than $1,000, registered bonds in exchange for any coupon bonds of the commonwealth, which, with the exception of the coupons, shall be in co…

Section 59. If it appears to the governor and council that any interest-bearing bond of the commonwealth identified by number and description has, without bad faith upon the part of the owner, been lost or destroyed, wholly or in part, they shall, under regulations and with restr…

Section 5B. The secretary of administration and finance, with the approval of the governor, shall on or before October 15 of every year, prepare estimates of budgeted revenues which in the secretary's judgment will be available for both the current year and for the annual budget …

Section 5C. The comptroller shall annually, on or before October 31, certify to the secretary of administration and finance the amount of the consolidated net surplus in the budgetary funds at the close of the preceding fiscal year. Except as otherwise provided by law, the amount…

Section 5D. The comptroller shall determine, based on procedures established by the secretary of administration and finance, the amount expended during the fiscal year from each fund, other than the General Fund, for indirect costs and for the compensation of state personnel. On …

Section 5F. Every officer having charge of any state agency which receives a periodic or other appropriation from the commonwealth, shall annually, on or before a date set by the secretary of administration and finance submit to the budget director a department financial plan for…

Section 5G. After each quarter, the department of revenue shall certify to the state comptroller the amount of tax revenues estimated to have been collected during the preceding quarter from capital gains income. If the department of revenue certifies that the amount of tax reven…

Section 5H. Notwithstanding any general or special law to the contrary, the state treasurer shall report by September 30 to the state comptroller, the executive office for administration and finance and the house and senate committees on ways and means the value of all property a…

Section 5I. (a) Annually, not later than February 20, May 20, July 20 and October 20, pursuant to paragraph (1) of subsection (b), and annually not later than December 15, pursuant to paragraph (2) of said subsection (b), the commissioner of revenue shall certify to the comptroll…

Section 6. The budget director shall study and review all estimates and requests for appropriations and other authorizations for expenditures of state funds filed with the budget director as provided by sections 3 and 4, and shall make such investigations as will enable the budge…

Section 60. The owner of such bond shall surrender so much thereof as may remain, if any, and shall give to the state treasurer a bond in double the amount of said lost or destroyed bond and of the interest which would accrue until the principal is due and payable, with a suffici…

Section 60A. Unless otherwise specifically provided, provisions contained in any act heretofore or hereafter enacted by a vote, taken by the yeas and nays of 2/3 of each house of the general court present and voting thereon, and approved by the governor, authorizing the state tre…

Section 60B. (a) In this section, the following words shall, unless the context clearly requires otherwise, have the following meanings. ''Committee'', the capital debt affordability committee established under this section. ''Tax supported debt'', direct debt, as further describ…

Section 61. The comptroller or any other person authorized to approve claims for materials, supplies or other articles furnished to, or for service or labor performed for, the commonwealth, may, before approving any such claim, require the claimant to certify on oath that all the…

Section 63. If a department, commission, board, officer, employee or agent of the commonwealth is about to expend money or incur obligations purporting to bind the commonwealth for any purpose or object or in any manner other than that for and in which such department, commission…

Section 64. The state treasurer, on behalf of the commonwealth, may contract with an employee to defer a portion of that employee's compensation and may, for the purposes of funding a deferred compensation program for the employee, established under the United States Internal Rev…