Chapter 44 - Municipal Finance

Section 1 - Definitions
Section 2 - Limitations and Restrictions Upon Manner of Incurring Debt
Section 3 - Computation of Indebtedness
Section 4 - Temporary Loans in Anticipation of Revenue; Conditions; Limitations
Section 6 - Power to Incur Debt for Payment of Land Damages, Altering Grade Crossings, and Highway or Traffic Control Expenditures
Section 6a - Power to Borrow in Anticipation of Reimbursement by Federal Government or Commonwealth
Section 7 - Cities and Towns; Purposes for Borrowing Money Within Debt Limit
Section 8 - Cities and Towns; Purposes for Borrowing Money Outside Debt Limit
Section 8a - Orders Authorizing Issuance of Bonds; Authentication
Section 8b - Cities and Towns; Right to Replace Lost Funds Deposited; Liquidation or Insolvency of Depository Bank
Section 8c - Cities and Towns; Acquisition of Land for Conservation or Recreation Purposes in Anticipation of State or Federal Reimbursement of Expense; Temporary Debt Outside Limit Authorized
Section 9 - Districts; Right to Borrow Money; Purposes; Amount
Section 10 - Debt Limit
Section 11 - Debt Retirement; Provision for Earlier Payment
Section 14 - Liability for Lawful Debts
Section 15 - Liability for Legal Debts Contracted Under Special Acts
Section 16 - Issuance of Bonds, Notes and Certificates of Indebtedness; Procedure; Form; Contracts With Banking or Financial Institutions
Section 16a - Facsimile Signature
Section 16b - Facsimile Seal; Validity
Section 17 - Temporary Loans; Refund; Repayment
Section 18 - Discount of Notes
Section 19 - Issuance of Notes Payable on Demand Forbidden; Procedure for Repaying Debts; Time for Making Final Payment
Section 19a - Inability to Pay Interest or Principal of Bonds, Notes or Certificates of Indebtedness; Notice; Certification to State Treasurer; Payment by State Treasurer
Section 20 - Proceeds From Sale of Bonds; Restrictions on Use; Disposition of Premiums
Section 20a - Advances Made in Anticipation of Proceeds
Section 21 - Call and Redemption Prior to Maturity
Section 21a - Refunding Bonds; Issuance; Present Values
Section 21b - Designation of Tax Credit Bonds; Sinking Fund; Sale of Tax Credit Bonds; Issuance of Refunding Bonds
Section 21c - Lease Purchase Financing Agreements
Section 22 - Rate of Interest
Section 22a - Insurance, Letters or Lines of Credit for Bonds or Notes; Trust Agreements
Section 22b - Bonds and Notes; Official Statements; Advertising; Collateral Tax Consequences to Social Security Recipients
Section 22c - Security for Bonds or Notes; Insurance, Letters or Lines of Credit, Trust Agreements
Section 23 - Forms for Notes
Section 24 - Authentication; Certification
Section 24a - Bearer Instruments
Section 27 - Certification; Evidence of Liability
Section 27a - Effect of Provisions on Power to Issue Notes
Section 28 - Report to Director of Accounts Required
Section 28a - Applicability of Finance Law to School Districts
Section 28b - Applicability of Finance Law to Planning Districts
Section 28c - Management of Solid Waste; Project Costs; Debt Obligations
Section 30 - Determination of Amount of Appropriation for Departments
Section 31 - Liabilities in Excess of Appropriations Forbidden; Exceptions
Section 31a - Report of Estimated Expenses; Period Covered; Contents
Section 31c - Construction Contracts; Certificate as to Availability of Funds; Effect of Certificate Upon Defense of Insufficiency of Appropriations
Section 31d - Snow and Ice Removal; Emergency Expenditures; Reporting Requirements
Section 32 - Submission of City Budget to City Council; Procedure for Approval, Rejection or Alteration
Section 33 - Power of Council to Add to Appropriation; Conditions; Limitations
Section 33a - Salary Provisions in Budget; Requirements and Limitations
Section 33b - Transfer of Appropriations; Restrictions
Section 35 - Audits of Accounts; When Conducted; Governmental Units to Be Considered Districts; Copy to Be Sent to Chief Executive Officer; Costs
Section 38 - Uniformity of Accounting Classifications; Standards; Authority of Director
Section 39 - Results of Audit; Report to Municipality
Section 40 - Audit of Accounts; Frequency; Reports
Section 41 - Failure to Meet Minimum Standards and Methods of Accounting; Expenses of Auditing; Payment
Section 42 - Audits by Private Accountants; Required Reports
Section 42a - Pilot Program for Audits of Public Functions of City, Town, County, Etc. Where Irregularities or Illegal Acts Are Suspected; Establishment
Section 43 - Accounting Reports; Returns; Forms
Section 44 - Reports of Municipal Statistics; Publication
Section 45 - Powers of Director; Attendance of Witnesses; Production of Books and Documents
Section 46a - Powers of Director; Investigation of Municipal Affairs
Section 47 - Right to Establish or Use
Section 48 - Sinking Fund Commissioners; Powers and Duties; Records; Compensation
Section 49 - Issuance of New Bonds
Section 52 - Issuance of Bonds in Exchange for Bearer Instruments
Section 53 - City, Town or District Funds; Use and Disposition
Section 53a - Grants and Gifts; Acceptance and Expenditure
Section 53a1/2 - Gifts of Tangible Personal Property; Acceptance
Section 53b - Contributions by Commonwealth; Application to Indebtedness
Section 53c - Deposit and Expenditure of Compensation for Off-Duty or Special Detail Work; Appropriation for Special Fund; Fee
Section 53d - Recreation and Park Self-Supporting Service Revolving Funds; Creation; Authorized Use of Funds; Annual Report; Revocation of Provisions
Section 53e - Agencies, Boards, etc.; Annual Operating Costs; Offset by Estimated Receipts of User Fees
Section 53e1/2 - Revolving Funds
Section 53e3/4 - Energy Revolving Loan Fund
Section 53f - Deposits of Public Funds in Banking Institutions in Return for Banking Services
Section 53f1/2 - Enterprise Funds
Section 53f3/4 - Peg Access and Cable Related Fund
Section 53g - Employment of Outside Consultants
Section 53g1/2 - Special Account for Deposits to Secure the Performance of an Obligation by an Applicant for a License or Permit
Section 53h - Rebate to Federal Government to Exclude Interest Paid on Bonds From Gross Income
Section 53i - Settlement or Incorporation Celebrations; Special Fund
Section 53j - Reservation of Revenues From Betterments or Special Assessments to Repay Debt Issued in Connection to Such Improvements
Section 54 - Investment of Trust Funds
Section 55 - Public Funds on Deposit; Limitations; Investments
Section 55a - Liability of Depositor for Losses Due to Bankruptcy
Section 55b - Investment of Public Funds
Section 55c - Municipal Affordable Housing Trust Fund
Section 56 - Towns; Fiscal Year
Section 56a - Cities; Fiscal Year
Section 57 - Taxation; Interest on Debts Incurred in Aid of a Railroad
Section 58 - Cities and Towns; Limitation on Purchasing Powers
Section 59 - Enforcement of Chapter
Section 60 - Penalty for Violation of Law Controlling Handling of Town and District Notes
Section 61 - Penalty for Refusal to Issue Bond in Exchange for Bearer Instruments in Sinking Funds
Section 62 - Penalty for Violation of Provisions of Chapter by Officials
Section 63 - Sale or Other Disposal of Realty; Disposition of Proceeds
Section 63a - Sales of Public Land; Payment of Taxes
Section 64 - Payment of Bills Incurred in Excess of Appropriations
Section 65 - Vacation Pay; Advances to Employees
Section 66 - Advances to Public Employees
Section 67 - Deferred Compensation Program for Employees; Authorized Investments; Requisites; Limitations
Section 67a - Employee Individual Retirement Accounts
Section 68 - Retroactive Salary Increases
Section 69 - Municipal or District Services, Fees or Charges; Insufficient Funds Checks or Electronic Funds Transfers; Penalty
Section 70 - Payment for Municipal Programs, Services, and Activities; Federal Government Reimbursements and Other Resources
Section 71 - Contracts for Revenue Raising Activities; Regulations and Guidelines; Negotiation
Section 72 - Federal Funds for Reimbursable Medical Expenses; Distribution
Section 73 - Requests for Proposals for Design and Construction Services in Public-Private Partnership Development Agreement Seeking Assistance Under Chapter 29c; Technical Assistance From Public-Private Partnership Infrastructure Oversight Commission