Session Laws

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 various acts 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 the provisions of any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section three of chapter one hundred and two of the acts of nineteen hundred and ninety-four, providing for funding highway improvement loans, shall be issued for a 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 twenty-fourth, nineteen hundred and ninety-four, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 2. Notwithstanding the provisions of any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section four of chapter one hundred and two of the acts of nineteen hundred and ninety-four, providing for funding highway improvement loans, shall be issued for a 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 twenty-fourth, 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 any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section five of chapter one hundred and two of the acts of nineteen hundred and ninety-four, providing for highway improvement loans, shall be issued for a 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 twenty-fourth, nineteen hundred and ninety-four, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 4. Notwithstanding the provisions of any general or special law to the contrary, the notes which the state treasurer is authorized to issue under section six of chapter one hundred and two of the acts of nineteen hundred and ninety-four, shall be issued and may be renewed one or more times for terms not to exceed one year; and the final maturities of such notes whether original or renewal, shall be no later than June thirtieth, two thousand and one, as recommended by the governor in a message to the general court dated August twenty-fourth, nineteen hundred and ninety-four, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 5. Notwithstanding the provisions of any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section seven of chapter one hundred and two of the acts of nineteen hundred and ninety-four, providing for funding mobility assistance loans, shall be issued for a term not to exceed five 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 August twenty-fourth, nineteen hundred and ninety-four, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 6. Notwithstanding the provisions of any general or special law to the contrary, the notes which the state treasurer is authorized to issue under section eight of chapter one hundred and two of the acts of nineteen hundred and ninety-four, shall be issued and may be renewed one or more times for terms not to exceed one year, and the final maturities of such notes whether original or renewal, shall be no later than June thirtieth, two thousand and one, as recommended by the governor in a message to the general court dated August twenty-fourth, nineteen hundred and ninety-four, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 7. Notwithstanding the provisions of any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section nine of chapter one hundred and two of the acts of nineteen hundred and ninety-four, providing for funding public safety program loans, shall be issued for a term not to exceed five 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 August twenty-fourth, nineteen hundred and ninety-four, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 8. Notwithstanding the provisions of any general or special law to the contrary, the notes which the state treasurer is authorized to issue under section ten of chapter one hundred and two of the acts of nineteen hundred and ninety-four, shall be issued and may be renewed one or more times for terms not to exceed one year, and the final maturities of such notes whether original or renewal, shall be no later than June thirtieth, two thousand and one, as recommended by the governor in a message to the General Court dated August twenty-fourth, nineteen hundred and ninety-four, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.