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Session Laws

1984

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CHAPTER 342 AN ACT INCREASING THE MINIBOND AUTHORIZATION OF THE STATE TREASURER FROM TEN MILLION TO TWENTY-FIVE MILLION DOLLARS ANNUALLY.

Whereas, The deferred operation of this act would tend to defeat its purpose, which is to immediately place abandoned property in the custody of the state treasurer, therefore it is hereby declared to be an emergency law, necessary for the immediate preservation of the public convenience.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

Section 49A of chapter 29 of the General Laws is hereby amended by striking out clause (1), as amended by chapter 519 of the acts of 1979, and inserting in place thereof the following clause:- (1) not more than twenty-five million dollars principal amount of minibonds shall be sold by the state treasurer in any one fiscal year.

Approved December 18, 1984.