NAICU - Bill seeks more financial data from private colleges

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Bill seeks more financial data from private colleges

Boston Globe

January 25, 2011

Massachusetts private colleges and universities would have to file more in-depth financial reports and disclosures under a bill scheduled to be filed today by two state legislators. The legislation would require schools with investments or property valued at more than $10 million to list and disclose the value of those assets. They also would be required to calculate and report annually the benefits they receive from tax exemptions.

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