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 1. Section 4 of chapter 378 of the acts of 1984, as amended by section 1 of chapter 46 of the acts of 1990, is hereby further amended by striking out the second sentence and inserting in place thereof the following sentence:- Each such loan shall be payable within ten years from its date, and temporary notes issued under this section for a shorter period of time may be refunded by the issue of other temporary notes maturing within ten years from the date of the original notes; provided, however, that the final principal payment on bonds issued to refund the temporary loan shall be made not later than twenty years from the date of the original notes.

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