Session Laws

Whereas, The deferred operation of this act would tend to defeat its purpose, which is to facilitate immediately the issuance of bonds and notes to carry out the purposes of various acts passed during the regular annual legislative session of the year nineteen hundred and eighty-six, 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 seventy-seven of chapter two hundred and six of the acts of nineteen hundred and eighty-six providing funds for the acquisition of certain equipment shall be issued for terms not to exceed seven years; provided, however, that all such bonds shall be payable not later than June thirtieth, nineteen hundred and ninety-eight, and the notes which the state treasurer is authorized to issue under section seventy-nine of said act for the purposes of section two C of said act shall be issued and may be renewed one or more times for terms not exceeding one year and the final maturities of such notes, whether original or renewal, shall not be later than June thirtieth, nineteen hundred and ninety-six, as recommended by the governor in a message to the general court dated February fourth, nineteen hundred and eighty-seven in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 2. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section nine of chapter three hundred and forty-nine of the acts of nineteen hundred and eighty-six providing for the development of facilities within Boston harbor for the lobster fishing industry and further providing for the revitalization of the East Boston piers property shall be issued for terms not to exceed twenty-five years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and eleven, and the notes which the state treasurer is authorized to issue under section ten of said act shall be issued and may be renewed one or more times for terms not exceeding one year and the final maturities of such notes, whether original or renewal, shall not be later than June thirtieth, nineteen hundred and ninety-six, as recommended by the governor in a message to the general court dated February fourth, nineteen hundred and eighty-seven in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 3. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section six of chapter four hundred and ninety-one of the acts of nineteen hundred and eighty-six providing for the further regulation of public employee self-insurance groups shall be issued for terms not to exceed twenty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and seventeen, and the notes which the state treasurer is authorized to issue under section seven of said act shall be issued and may be renewed one or more times for terms not exceeding one year and the final maturities of such notes, whether original or renewal, shall not be later than June thirtieth, nineteen hundred and ninety-seven, as recommended by the governor in a message to the general court dated February fourth, nineteen hundred and eighty-seven in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.

SECTION 4. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under sections eleven and twelve of chapter six hundred and fifty-eight of the acts of nineteen hundred and eighty-six providing for the improvement of jails, houses of correction and correctional institutions in the commonwealth shall be issued for terms not to exceed twenty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and sixteen, and the notes which the state treasurer is authorized to issue under section thirteen of said act shall be issued and may be renewed one or more times for terms not exceeding one year and the final maturities of such notes, whether original or renewal, shall not be later than June thirtieth, nineteen hundred and ninety-six, as recommended by the governor in a message to the general court dated February fourth, nineteen hundred and eighty-seven in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.