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:

Notwithstanding the provisions of section thirty-six A of chapter thirty-five of the General Laws, or the terms of the loan authorized by the emergency board on June fifth, nineteen hundred and eighty-nine for Plymouth county, the county is hereby authorized to refund said loan by the issuance of bonds or notes for a period of three years. Payments on such refunding bonds or notes shall be made in accordance with section twelve of chapter sixty-four D of the General Laws, and shall be scheduled so that no more than two-thirds of the principal amount of the original loan approved by the emergency board remains outstanding at the end of fiscal nineteen hundred and ninety, no more than one-third of the principal remains outstanding at the end of fiscal nineteen hundred and ninety-one, and none of the principal is outstanding at the end of fiscal nineteen hundred and ninety-two.