Session Laws

Whereas, The deferred operation of this act would tend to defeat its purpose, which is to immediately facilitate the issuance of certain bonds and notes, therefore it is hereby declared to be an emergency law, necessary for the immediate preservation of the public health, safety and 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 1. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section three of chapter two hundred seventy-seven of the acts of nineteen hundred and ninety-five, shall be issued for a term not to exceed five years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and five, as recommended by the governor in a message to the general court dated February twenty-ninth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth of Massachusetts.

SECTION 2. Notwithstanding any provision of law to the contrary, the notes which the state treasurer is authorized to issue under section four of chapter two hundred seventy-seven of the acts of nineteen hundred and ninety-five, shall be issued and may be renewed one or more times not exceeding one year; and the final maturities of such notes whether original or renewal, shall be no later than June thirtieth, two thousand two, as recommended by the governor in a message to the general court dated February twenty-ninth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth of Massachusetts.

SECTION 3. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section five of chapter two hundred seventy-seven of the acts of nineteen hundred and ninety-five, shall be issued for a term not to exceed twenty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and twenty, as recommended by the governor in a message to the general court dated February twenty-ninth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth of Massachusetts.

SECTION 4. Notwithstanding any provision of law to the contrary, the notes which the state treasurer is authorized to issue under section six of chapter two hundred seventy-seven of the acts of nineteen hundred and ninety-five, shall be issued and may be renewed one or more times not exceeding one year; and the final maturities of such notes whether original or renewal, shall be no later than June thirtieth, two thousand and two, as recommended by the governor in a message to the general court dated February twenty-ninth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth of Massachusetts.

SECTION 5. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section seven of chapter two hundred seventy-seven of the acts of nineteen hundred and ninety-five, shall be issued for a term not to exceed ten years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and ten, as recommended by the governor in a message to the general court dated February twenty-ninth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth of Massachusetts.

SECTION 6. Notwithstanding any provision of law to the contrary, the notes which the state treasurer is authorized to issue under section eight of chapter two hundred seventy-seven of the acts of nineteen hundred and ninety-five, shall be issued and may be renewed one or more times not exceeding one year; and the final maturities of such notes whether original or renewal, shall be no later than June thirtieth, two thousand and two, as recommended by the governor in a message to the general court dated February twenty-ninth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth of Massachusetts.

SECTION 7. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section nine of chapter two hundred seventy-seven of the acts of nineteen hundred and ninety-five, shall be issued for a term not to exceed twenty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and twenty, as recommended by the governor in a message to the general court dated February twenty-ninth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth of Massachusetts.

SECTION 8. Notwithstanding any provision of law to the contrary, the notes which the state treasurer is authorized to issue under section ten of chapter two hundred seventy-seven of the acts of nineteen hundred and ninety-five, shall be issued and may be renewed one or more times not exceeding one year; and the final maturities of such notes whether original or renewal, shall be no later than June thirtieth, two thousand and two, as recommended by the governor in a message to the general court dated February twenty-ninth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth of Massachusetts.

SECTION 9. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section three of chapter twelve of the acts of nineteen hundred and ninety-six, shall be issued for a term not to exceed twenty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and twenty-one, as recommended by the governor in a message to the general court dated February twenty-ninth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth of Massachusetts.

SECTION 10. Notwithstanding any provision of law to the contrary, the notes which the state treasurer is authorized to issue under section four of chapter twelve of the acts of nineteen hundred and ninety-six, shall be issued and may be renewed one or more times not exceeding one year; and the final maturities of such notes whether original or renewal, shall be no later than June thirtieth, two thousand and one, as recommended by the governor in a message to the general court dated February twenty-ninth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth of Massachusetts.

SECTION 11. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section three of chapter fifteen of the acts of nineteen hundred and ninety-six, shall be issued for a term not to exceed twenty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and twenty-one, as recommended by the governor in a message to the general court dated February twenty-ninth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth of Massachusetts.

SECTION 12. Notwithstanding any provision of law to the contrary, the notes which the state treasurer is authorized to issue under section four of chapter fifteen of the acts of nineteen hundred and ninety-six, shall be issued and may be renewed one or more times not exceeding one year; and the final maturities of such notes whether original or renewal, shall be no later than June thirtieth, two thousand and one, as recommended by the governor in a message to the general court dated February twenty-ninth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth of Massachusetts.