Session Laws

Whereas, The deferred operation of this act would tend to defeat its purpose, which is to immediately facilitate the issuance of bonds and notes to finance certain payments to the Massachusetts Bay Transportation Authority, 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 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 and five 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 July nineteenth, nineteen hundred and ninety-six in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 2. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section four of chapter two hundred and five 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 July nineteenth, nineteen hundred and ninety-six in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

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 and five of the acts of nineteen hundred and ninety-six 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 six, as recommended by the governor in a message to the general court dated July nineteenth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 4. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section six of chapter two hundred and five of the acts of nineteen hundred and ninety-six 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 six, as recommended by the governor in a message to the general court dated July nineteenth, nineteen hundred and ninety-six in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 5. Notwithstanding any provision of law to the contrary, the notes which the state treasurer is authorized to issue under section seven of chapter two hundred and five 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 not later than June thirtieth, two thousand and three, as recommended by the governor in a message to the general court dated July nineteenth, nineteen hundred and ninety-six in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 6. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section eight of chapter two hundred and five of the acts of nineteen hundred and ninety-six 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 eleven, as recommended by the governor in a message to the general court dated July nineteenth, nineteen hundred and ninety-six in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 7. Notwithstanding any provision of law to the contrary, the notes which the state treasurer is authorized to issue under section nine of chapter two hundred and five 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 not later than June thirtieth, two thousand and three, as recommended by the governor in a message to the general court dated July nineteenth, nineteen hundred and ninety-six in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 8. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section ten of chapter two hundred and five of the acts of nineteen hundred and ninety-six 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 eleven, as recommended by the governor in a message to the general court dated July nineteenth, nineteen hundred and ninety-six in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 9. Notwithstanding any provision of law to the contrary, the notes which the state treasurer is authorized to issue under section eleven of chapter two hundred and five 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 not later than June thirtieth, two thousand and three, as recommended by the governor in a message to the general court dated July nineteenth, nineteen hundred and ninety-six in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 10. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section twelve of chapter two hundred and five of the acts of nineteen hundred and ninety-six 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 six, as recommended by the governor in a message to the general court dated July nineteenth, nineteen hundred and ninety-six in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 11. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section thirteen of chapter two hundred and five 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 July nineteenth, nineteen hundred and ninety-six in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 12. Notwithstanding any provision of law to the contrary, the notes which the state treasurer is authorized to issue under section fourteen of chapter two hundred and five 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 not later June thirtieth, two thousand and three, as recommended by the governor in a message to the general court dated July nineteenth, nineteen hundred and ninety-six in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 13. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section fifteen of chapter two hundred and five 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 July nineteenth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 14. Notwithstanding any provision of law to the contrary, the notes which the state treasurer is authorized to issue under section sixteen of chapter two hundred and five 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 not later than June thirtieth, two thousand and three, as recommended by the governor in a message to the general court dated July nineteenth, nineteen hundred and ninety-six in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 15. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section seventeen of chapter two hundred and five 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 July nineteenth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 16. Notwithstanding any provision of law to the contrary, the notes which the state treasurer is authorized to issue under section eighteen of chapter two hundred and five 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 not later than June thirtieth, two thousand and three, as recommended by the governor in a message to the general court dated July nineteenth, nineteen hundred and ninety-six in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 17. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section twenty-one of chapter two hundred and five 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 July nineteenth, nineteen hundred and ninety-six in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 18. Notwithstanding any provision of law to the contrary, the notes which the state treasurer is authorized to issue under section twenty-two of chapter two hundred and five 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 not later than June thirtieth, two thousand and three, as recommended by the governor in a message to the general court dated July nineteenth, nineteen hundred and ninety-six in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 19. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section twenty-four of chapter two hundred and five 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 July nineteenth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 20. Notwithstanding any provision of law to the contrary, the notes which the state treasurer is authorized to issue under section twelve of chapter one hundred and sixty-one A of the General Laws, authorizing borrowings made by the commonwealth to finance certain payments required to be made to the Massachusetts Bay Transportation Authority, shall be issued for terms not exceeding two and one-half years from the date of issuance in each of the calendar years nineteen hundred and ninety-seven and nineteen hundred and ninety-eight; provided, however, that all such notes shall be payable by June thirtieth, two thousand and one, as recommended by the governor, in a message to the general court dated July nineteenth, nineteen hundred and ninety-six in pursuance of Article LXII of the Amendments to the Constitution of the Commonwealth.