Code of Massachusetts Regulations
815 CMR - COMPTROLLER'S DIVISION
Title 815 CMR 4.00 - Late Penalty Interest
Section 4.04 - Late Penalty Encumbrance
Universal Citation: 815 MA Code of Regs 815.4
Current through Register 1531, September 27, 2024
(1) Departments shall establish a miscellaneous encumbrance under Object Code 698 of the Commonwealth's Expenditure Classification Code in accordance with the MMARS Policy and Procedures Manual, as amended, to cover the amounts which the department estimates it will expend in late penalty interest.
(2) For Fiscal Year 1988, (July 1, 1987 - June 30, 1988), departments may pay the late penalty interest from object Code 698 without an encumbrance.
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