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 provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section eight of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for a program for the construction of highway facilities for the Metropolitan District Commission, shall be issued for terms not to exceed thirty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and twenty-six, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 2. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section nine of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for a program for the construction and reconstruction of highway and bridge facilities, shall be issued for terms not to exceed thirty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and twenty-six, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 3. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section ten of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for a program of highway improvements and related activities, shall be issued for terms not to exceed thirty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and twenty-six, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 4. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section eleven of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for a program for the construction and reconstruction of highway facilities and related activities, 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, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 5. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section twelve of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for a program for the rehabilitation of highway facilities and durable equipment, shall be issued for terms not to exceed ten years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and six, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 6. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section thirteen of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for a program for the construction of highway facilities for the Metropolitan District Commission, shall be issued for terms not to exceed thirty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and twenty-six, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 7. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section fourteen of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for highway-related studies and communications systems, shall be issued for terms not to exceed ten years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and six, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 8. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section fifteen of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for a program for the construction and reconstruction of highway facilities and related activities, shall be issued for terms not to exceed thirty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and twenty-six, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 9. Notwithstanding any provisions of law to the contrary, the notes which the state treasurer is authorized to issue under section sixteen of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for a program for the construction of highway facilities, 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, two thousand and four, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 10. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section twenty-three of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding a mobility assistance program, shall be issued for terms not to exceed five years; provided, however, that all such bonds shall be payable by June thirtieth, nineteen hundred and ninety-nine, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 11. Notwithstanding any provisions of law to the contrary, the notes which the state treasurer is authorized to issue under section twenty-four of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding a mobility assistance program, 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-nine, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 12. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section twenty-six of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of an intercity bus capital assistance program, shall be issued for terms not to exceed ten years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and four, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 13. Notwithstanding any provisions of law to the contrary, the notes which the state treasurer is authorized to issue under section twenty-seven of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of an intercity bus capital assistance program, 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, two thousand and four, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 14. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section twenty-nine of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of a commuter boat assistance program, 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, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 15. Notwithstanding any provisions of law to the contrary, the notes which the state treasurer is authorized to issue under section thirty of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding a commuter boat assistance program, 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, two thousand and four, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 16. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section thirty-two of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for a program of airport systems improvements and development, 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, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 17. Notwithstanding any provisions of law to the contrary, the notes which the state treasurer is authorized to issue under section thirty-three of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for a program of airport systems improvements and development, 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, two thousand and four, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 18. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section thirty-five of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding for the implementation of chapter one hundred and sixty-one C of the General Laws, 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, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 19. Notwithstanding any provisions of law to the contrary, the notes which the state treasurer is authorized to issue under section thirty-six of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding for the implementation of chapter one hundred and sixty-one C of the General Laws, 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, two thousand and four, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 20. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section thirty-eight of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of a program of capital assistance to regional transit authorities, shall be issued for terms not to exceed ten years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and six, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 21. Notwithstanding any provisions of law to the contrary, the notes which the state treasurer is authorized to issue under section thirty-nine of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of a program of capital assistance to regional transit authorities, 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, two thousand and four, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 22. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section forty of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of a regional transit authority construction capital assistance program, shall be issued for terms not to exceed thirty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and twenty-six, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 23. Notwithstanding any provisions of law to the contrary, the notes which the state treasurer is authorized to issue under section forty-one of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of a regional transit authority construction capital assistance program, 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, two thousand and four, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 24. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section forty-three of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of a regional transit authority alternative fuel program, shall be issued for terms not to exceed ten years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and six, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 25. Notwithstanding any provisions of law to the contrary, the notes which the state treasurer is authorized to issue under section forty-four of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of a regional transit authority alternative fuel program, 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, two thousand and four, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 26. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section forty-six C of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of a MBTA/Biomedical Development program, shall be issued for terms not to exceed ten years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and eleven, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 27. Notwithstanding any provisions of law to the contrary, the notes which the state treasurer is authorized to issue under section forty-six D of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of a MBTA/Biomedical Development program, 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, two thousand and one, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 28. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section fifty-three of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of a public safety program, shall be issued for terms not to exceed five years; provided, however, that all such bonds shall be payable by June thirtieth, nineteen hundred and ninety-nine, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 29. Notwithstanding any provisions of law to the contrary, the notes which the state treasurer is authorized to issue under section fifty-four of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of a public safety program, 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-nine, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 30. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section fifty-seven of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of a commercial waterways dredging program, shall be issued for terms not to exceed ten years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and four, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 31. Notwithstanding any provisions of law to the contrary, the notes which the state treasurer is authorized to issue under section fifty- eight of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of a commercial waterways dredging program, 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, two thousand and four, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 32. Notwithstanding any provisions of law to the contrary, the bonds which the state treasurer is authorized to issue under section sixty of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of a public safety program, shall be issued for terms not to exceed ten years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and six, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 33. Notwithstanding any provisions of law to the contrary, the notes which the state treasurer is authorized to issue under section sixty-one of chapter thirty-three of the acts of nineteen hundred and ninety-one, providing for funding of a public safety program, 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, two thousand and six, as recommended by the governor in a message to the General Court dated May twenty-second, nineteen hundred and ninety-one, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth.
SECTION 34. Section 1 of chapter 349 of the acts of 1986 is hereby amended by striking out paragraph (8), added by section 123 of chapter 33 of the acts of 1991, and inserting in place thereof the following paragraph:-
(8) The authority has divided the development of the piers into two phases, Phase I and Phase II, for planning purposes and for review in accordance with sections sixty-one to sixty-two H, inclusive, of chapter thirty of the General Laws with the approval of the secretary of environmental affairs. Phase I shall include the area of the piers referred to as piers 4 and 5 and associated upland areas and a park. Phase II shall include the remainder of the piers and associated upland areas and a lobster facility and park. The authority has completed the final environmental impact report (FEIR) with respect to Phase I and the lobster facility. The secretary of environmental affairs certified on August second, nineteen hundred and ninety that the said report adequately and properly complied with section sixty-two of chapter thirty of the General Laws and associated implementing regulations.
SECTION 35. Section 2 of said chapter 349 is hereby amended by striking out the definition of "Plan", as amended by section 125 of said chapter 33, and inserting in place thereof the following definition:-
"Plan", for the waterfront park and lobster facility will consist of two phases. Phase I is the plan developed by the authority in the FEIR which consists of a waterfront park on piers 4 and 5 and associated upland areas. Phase II will be a lobster facility as included in the aforementioned FEIR and waterfront park on pier 3 and associated upland, as more fully described below. The authority has divided the development of the piers into two phases, Phase I and Phase II, for planning purposes and for review in accordance with sections sixty-one to sixty-two H, inclusive, of chapter thirty of the General Laws with the approval of the secretary of environmental affairs. It is important to the citizens of the commonwealth and to the potential users of the park reviewed in Phase I that the construction of said project proceed as soon as possible while Phase II is designed and constructed in accordance with this act. The aforementioned lobster facility shall provide for between eighteen and twenty commercial lobster vessels.
The area of the Phase II park and lobster facility shall include at least the following as shown on Sheet Nos. 26N-14E and 26N-15E of the "City of Boston Topographic and Planimetric Survey", dated 1962 and on file with the Boston Redevelopment Authority, the BRA Plan; beginning at the eastern-most edge of Pier No. 1 and a line from that edge to Marginal Road; thence returning along said line to the water's edge at Pier 1; thence running in an easterly direction along said water's edge to the midpoint between Pier 1 and the existing Pier 3; thence running parallel to said eastern-most edge of Pier 1 to the "Pierhead and Bulkhead Line" as shown on the BRA Plan; thence running along said Pierhead and Bulkhead Line (but including the full outline of any existing piers) in a southeasterly direction to a point intersecting the line of the southwestern edge of the Phase I Park extended out to the "Pierhead and Bulkhead Line"; then running along said Private Street and Marginal Street to the point of beginning. The foregoing description is meant and intended to result in a continuous of upland and pier park and lobster facilities from the edge of Pier 1, to and through Pier 5, as described in the FEIR. The Phase II park and lobster facility shall include all pilings, supports, the bulkheads, conveyors and structures thereon or thereunder, the land underneath said piers, and upland areas located southwest of Marginal Street.
SECTION 36. Said chapter 349 is hereby further amended by striking out section 6, as amended by section 133 of said chapter 33, and inserting in place thereof the following section:-
Section 6. The design for the Phase I park and lobster facility shall be as set forth in the FEIR. Development of final plans and specifications and construction of the Phase I park shall commence immediately. The design of the Phase II park and lobster facility shall be commenced immediately by the authority, in consultation with the PAC. The PAC shall approve all preliminary and final designs for the park and no construction may commence without approval of the PAC. The authority is hereby directed to move as expeditiously as possible to design and construct the Phase II park and lobster facility. Notwithstanding the previous sentence, the authority shall have no obligation to commence construction of the Phase II park and lobster facility until bonds in an amount adequate to meet the expenditure necessary to construct said Phase II park and lobster facility have been issued and sold by the state treasurer, as provided for in this section.
The members of the PAC shall serve without compensation. The PAC shall meet from time to time to review the operation and maintenance of the waterfront park and shall advise the authority on its compliance with the requirements of this act. The PAC shall create its own bylaws and procedures. It shall always consist of the same number of members specified above. In the event that a vacancy in the membership of the PAC occurs, for whatever reason, the remaining members of the PAC shall nominate and elect new members. The PAC is hereby authorized and directed to enter into a contract with the authority which will specify in detail the operational and maintenance requirements of the authority with respect to the Phase I park and the Phase II park and lobster facility. The PAC shall also advise the authority as to the other issues in East Boston concerning the authority. The authority shall pay for the reasonable operating expenses of the PAC.
SECTION 37. Said chapter 349 is hereby further amended by striking out section 7, as amended by section 134 of said chapter 33, and inserting in place thereof the following section:-
Section 7. The provisions of sections sixty-one to sixty-two H, inclusive, of chapter thirty of the General Laws shall apply to all projects proposed at the piers, including the lobster facility and waterfront park to the extent applicable to projects of the authority; provided, however, that the project for Phase I of the waterfront park and the lobster facility as described in the final environmental impact report certified by the secretary of environmental affairs on August second, nineteen hundred and ninety shall not require further environmental review pursuant to said sections sixty-one to sixty-two H, inclusive. For the purpose of the compliance with said sections sixty-one to sixty-two H, inclusive, the authority shall be deemed to be the lead agency project proponent.
SECTION 38. The first paragraph of section 8 of said chapter 349, as appearing in section 135 of said chapter 33, is hereby further amended by striking out the first and second sentences and inserting in place thereof the following two sentences:- The authority shall fund the final design, construction, operation, and maintenance of the Phase I park, the final design of the Phase II park and the final design of the lobster facility. Notwithstanding the foregoing, the authority shall have no obligation to fund construction of the Phase II park and lobster facility unless and until bonds are issued to meet the expenditure necessary to construct the Phase II park and lobster facility in accordance with section nine.
SECTION 39. Section 9 of said chapter 349 is hereby amended by striking out the first and second sentences, as appearing in section 136 of said chapter 33, and inserting in place thereof the following two sentences:- The authority shall fund the final design, construction, operation and maintenance of the Phase I park and the operation and maintenance of the Phase II park and lobster facility from its general revenues. To meet the expenditures necessary to design and construct the Phase II park and lobster facility, the state treasurer shall issue and sell bonds of the commonwealth, registered or with interest coupons attached, as he may deem best, to an amount to be specified by the governor, from time to time, but not exceeding, in the aggregate, the sum of seventeen million dollars.