United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 5, § 17438: Reporting requirements under Governmental Accounting Standards Board, 2007

The State must comply with GASB reporting requirements, and the system must account for the investment trust fund’s assets in its annual financial statements.

financial reportinggovernment accounting

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01

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“The State must comply with GASB reporting requirements, and the system must account for the investment trust fund’s assets in its annual financial statements.”

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    Enacted 2007 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Source record from legislature.maine.gov · Enacted 2007 · Source version 1 Oct 2025

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Provision
§ 17438Reporting requirements under Governmental Accounting Standards BoardProvision

The State must comply with GASB reporting requirements, and the system must account for the investment trust fund’s assets in its annual financial statements.

The system and trustees of the investment trust fund have no obligation to comply with reporting requirements related to the investment trust fund under Governmental Accounting Standards Board Statement Number 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, or Governmental Accounting Standards Board Statement Number 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions. The State is obligated to comply with the reporting requirements under Governmental Accounting Standards Board Statement Number 74 and Governmental Accounting Standards Board Statement Number 75. The system shall account for the assets of the investment trust fund in its annual financial statements. [PL 2017, c. 88, §20 (AMD).]
Section 17438Verify source

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  • 1 Oct 2025 · currentEnglish

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