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Session Laws

1994

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CHAPTER 107 AN ACT RELATIVE TO THE TERMS OF CERTAIN NOTES AND BONDS TO BE ISSUED BY THE COMMONWEALTH.

Whereas, The deferred operation of this act would tend to defeat its purpose, which is to immediately facilitate the issuance of bonds and notes to carry out the purposes of a certain act passed by the general court, 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 three of chapter eighty-five of the acts of nineteen hundred and ninety-four, providing for funding an emergency capital outlay, shall be issued for term not to exceed twenty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and nineteen, as recommended by the governor in a message to the general court dated August third, nineteen hundred and ninety-four, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 2. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section five of chapter eighty-five of the acts of nineteen hundred and ninety-four, providing for funding special obligation revenue highway improvement projects, shall be issued for term not to exceed twenty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and nineteen, as recommended by the governor in a message to the general court dated August third, nineteen hundred and ninety-four, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 3. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section seven of chapter eighty-five of the acts of nineteen hundred and ninety-four, providing for funding Computer System Technology Loans, shall be issued for term not to exceed ten years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and nine, as recommended by the governor in a message to the general court dated August third, nineteen hundred and ninety-four, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 4. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section nine of chapter eighty-five of the acts of nineteen hundred and ninety-four, providing for funding municipal emergency capital outlay loans, shall be issued for term not to exceed ten years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and nine, as recommended by the governor in a message to the general court dated August third, nineteen hundred and ninety-four, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 5. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section eleven of chapter eighty-five of the acts of nineteen hundred and ninety-four, providing for funding municipal highway and traffic management capital outlay loans, shall be issued for term not to exceed twenty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and nineteen, as recommended by the governor in a message to the general court dated August third, nineteen hundred and ninety-four, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 6. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section thirteen of chapter eighty-five of the acts of nineteen hundred and ninety-four, providing for funding state facilities improvements and emergency repair capital outlay loans, shall be issued for term not to exceed twenty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and nineteen, as recommended by the governor in a message to the general court dated August third, nineteen hundred and ninety-four, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 7. Notwithstanding any provision of law to the contrary, the bonds which the state treasurer is authorized to issue under section fifteen of chapter eighty-five of the acts of nineteen hundred and ninety-four, providing for funding agricultural preservation capital outlay loans, shall be issued for term not to exceed twenty years; provided, however, that all such bonds shall be payable by June thirtieth, two thousand and nineteen, as recommended by the governor in a message to the general court dated August third, nineteen hundred and ninety-four, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.

Approved August 26, 1994.