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 Martha's Vineyard Refuse and Resource Recovery District, in this act called the district, may issue bonds or notes for a term not exceeding 20 years for the purpose of reimbursing itself for the payment of capital costs paid through operating funds in the fiscal year ending June 30, 2002.

SECTION 2. The actions taken by the district committee on October 2, 2002 to authorize the issuance of bonds or notes in the amount of $500,000 for the payment of capital costs of the district, are hereby ratified, approved and confirmed in all respects, and, notwithstanding any general or special law or any provision of the district agreement to the contrary, such bonds or notes may be issued by the district.

SECTION 3. This act shall take effect upon its passage.