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Session Laws

1987

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CHAPTER 406 AN ACT RELATIVE TO THE PROCEEDS OF CERTAIN BONDS OR NOTES FOR SEWERAGE PURPOSES BY THE LEICESTER WATER SUPPLY DISTRICT.

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 the provisions of section twenty of chapter forty-four of the General Laws, chapter one hundred and eighty-one of the acts of eighteen hundred and ninety-three or any other general or special law to the contrary, project costs financed by the proceeds of bonds or notes issued by the Leicester Water Supply District for the purpose of constructing sewers, sewerage systems and sewage treatment and disposal facilities may include interest on temporary notes in anticipation of bonds or notes or of federal or state aid, that is paid or payable during the period of design and construction of the project and for not more than one year after completion of such construction, as shall be determined by the board of water commissioners.

SECTION 2. This act shall take effect upon its passage.

Approved October 20, 1987.