Whereas , The deferred operation of this act would tend to defeat its purpose, which is to facilitate forthwith the issuance of bonds to carry out the purposes of a certain act 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. Chapter 245 of the acts of 2000 is hereby amended by striking out section 5 and inserting in place thereof the following section:-
Section 5. To meet the expenditures necessary to carry out this act, the state treasurer shall, upon request of the governor, issue and sell bonds of the commonwealth in an amount specified by the governor from time to time not exceeding, in the aggregate, the sum of $10,000,000. All bonds issued by the commonwealth, as aforesaid, shall be designated on their face, Rutland Heights State Hospital Loan, Act of 2000, and shall be issued for such maximum terms of years, not exceeding 20 years, as the governor may recommend to the general court pursuant to Section 3 of Article LXII of the Amendments to the Constitution; provided, however, that all such bonds shall be payable not later than June 30, 2025. Bonds and interest thereon issued under the authority of this section, notwithstanding this act, shall be general obligations of the commonwealth.
SECTION 2. Notwithstanding any law to the contrary, the bonds which the state treasurer is authorized to issue under section 5 of chapter 245 of the acts of 2000 shall be issued for terms not to exceed 20 years from the date of issuance; provided, however, that all such bonds shall be payable not later than June 30, 2025, as recommended by the governor in a message to the general court dated February 1, 2001, pursuant to Section 3 of Article LXII of the Amendments to the Constitution.