Session Laws

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

Section 16 of chapter 44 of the General Laws, as appearing in the 1984 Official Edition, is hereby amended by striking out the second paragraph and inserting in place thereof the following paragraph:-

Notwithstanding any contrary provision of any general or special law, bonds, notes and certificates of indebtedness for different purposes and under different authorizations, whether or not subject to any debt limit, may be consolidated and issued at the same time; and, if they bear on their face the words "Municipal Purpose Loan of " followed by the year of issue in figures, they need not bear any title otherwise required but shall be conclusively presumed to be properly denominated on their face. The treasurer of the city, town or district shall maintain records showing the portion of each consolidated issue, and of each maturity thereof, allocable to each authorization and subject to any applicable debt limit and shall forward a copy of such records to the director of the bureau of accounts within thirty days of the sale of the bonds, notes or certificates of indebtedness. Each such portion of the issue shall comply with the maturity requirements applicable thereto.