Section 17 Trust funds; mental health department or mental retardation department; authority to receive; duties - Massachusetts Statutes

[Text of section effective until June 30, 2009. For text effective June 30, 2009, see below.]

Section 17. The state treasurer may receive the principal of any fund given or bequeathed to the commonwealth or the department of mental health for the use of mentally ill persons or to the commonwealth or the department of mental retardation for the use of mentally retarded persons; and upon the request of the department of mental health in the case of funds for the use of mentally ill persons, or upon the request of the department of mental retardation in the case of funds for the use of mentally retarded persons, the state treasurer shall expend the income of all such funds, and such part of the principal as may be subject to the control of the respective department, in such manner as it may direct, subject to any condition affecting the administration thereof. Said funds shall be invested safely by the state treasurer, and he shall be held responsible for the faithful management of the same in the same manner as for other funds held by him.

Chapter 10: Section 17. Trust funds; mental health department or developmental services department; authority to receive; duties

[Text of section as amended by 2008, 451, Sec. 20 effective June 30, 2009. See 2008, 451, Sec. 187. For text effective until June 30, 2009, see above.]

Section 17. The state treasurer may receive the principal of any fund given or bequeathed to the commonwealth or the department of mental health for the use of mentally ill persons or to the commonwealth or the department of developmental services for the use of mentally retarded persons; and upon the request of the department of mental health in the case of funds for the use of mentally ill persons, or upon the request of the department of developmental services in the case of funds for the use of mentally retarded persons, the state treasurer shall expend the income of all such funds, and such part of the principal as may be subject to the control of the respective department, in such manner as it may direct, subject to any condition affecting the administration thereof. Said funds shall be invested safely by the state treasurer, and he shall be held responsible for the faithful management of the same in the same manner as for other funds held by him.