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 carry out the purposes of various acts passed by the general court, 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 nine of chapter two hundred and fifty-eight 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 August fifteenth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 2. 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 and fifty-eight 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 August fifteenth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 3. 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 ninety-four of the acts of nineteen hundred and ninety-six shall be issued for a term not to exceed seven years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and fifteen, as recommended by the governor in a message to the general court dated August fifteenth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 4. 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 and ninety-four 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 three, as recommended by the governor in a message to the general court dated August fifteenth, nineteen hundred and ninety-six, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.