Whereas , The deferred operation of this act would tend to defeat its purpose, which is to provide forthwith for the extension of certain capital spending authorizations that will otherwise revert on June 30, 2003 but which are needed to fund obligations during fiscal year 2004, 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 general or special law to the contrary, the unexpended balances of capital accounts which otherwise would revert on June 30, 2003 but which are necessary to fund obligations during fiscal year 2004 are hereby re-authorized until September 30, 2003, at which time these re-authorizations shall terminate and shall revert. The secretary of administration and finance shall file with the clerk of the house of representatives on or before September 1, 2003, a report and any legislation necessary to effectuate the de-authorization of capital accounts, delineated by item of appropriation, determined to be no longer necessary, and recommendations and amounts necessary to re-authorize capital accounts, delineated by item of appropriation, to fund ongoing capital projects throughout the remainder of fiscal year 2004.

SECTION 2. This act shall take effect as of June 30, 2003.