\nThe trustees shall deposit all monies received in payment or reimbursement for patient services into a general trust fund for the hospital. All monies so deposited may be expended without further appropriation. Any monies in such fund at the end of a fiscal year shall remain in such fund and shall not revert to the General Fund.\nThe monies from the general trust fund shall be expended in accordance with the following purposes:\n(a) to pay for the operating expenses of Cushing Hospital, including administrative and health care delivery services;\n(b) for the capital improvement and development of the medical school, including, but not limited to, the repair and maintenance of the present buildings, construction of a new facility, and the acquisition of medical and academic equipment and materials;\n(c) to provide compensation, including additional fringe benefits, for employees of the hospital as the board of trustees may authorize and direct; and\n(d) for medical research into innovative als;\n(c) to provide compensation, including additional fringe benefits, for employees of the hospital as the board of trustees may authorize and direct; and\n(d) for medical research into innovative procedures for the long term care of elderly persons.
Massachusetts Legal Code