General Laws

[ Text of section effective until January 1, 2013. For text effective January 1, 2013, see below.]

  Section 49B. In addition to any other security provided by laws, bonds and notes of the commonwealth may, in the discretion of the state treasurer, be secured or supported, in whole or in part, by insurance or by lines or letters of credit or other credit or liquidity facilities provided by any bank, trust company or other financial institution.

  The state treasurer may enter into agreements with brokers for the placement of any such commonwealth notes issued as commercial paper.

Chapter 29: Section 49B. Insurance or credit line security for bonds and notes; agreements with brokers

[ Text of section as recodified by 2012, 165, Sec. 112 effective January 1, 2013. See 2012, 165, Sec. 137. For text effective until January 1, 2013, see above.]

  Section 49B. In addition to any other security provided by laws, bonds and notes of the commonwealth may, in the discretion of the state treasurer, be secured or supported, in whole or in part, by insurance or by lines or letters of credit or other credit or liquidity facilities provided by any bank, trust company or other financial institution.

  The state treasurer may enter into agreements with brokers for the placement of any such commonwealth notes issued as commercial paper.