Whereas
, The deferred operation of this act would
tend to defeat its purpose, which is
forthwith to make certain changes in the law relative to the finances
of
the Massachusetts Bay Transportation Authority,
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 2E of chapter 127 of the acts of 1999 is hereby
amended by striking out item 6005-9986 and inserting in place thereof the
following item:-
`tc1
6005-9986
`tc4
For the purpose of establishing the commonwealth's share of financing for the
Massachusetts Bay Transportation Authority on a contemporaneous basis;
provided, that the state treasurer is hereby authorized to make payments to
said
authority from the sum authorized herein for amounts due the authority for the
net cost of service, as defined by section 1 of chapter 161A of the General
Laws, and for commuter rail assistance, for fiscal year 2000 and for prior
fiscal years plus $100,000,000 to fund working capital; provided, that the
aggregate amount paid from this item shall not exceed the total of the actual
amounts due said authority for the retirement of temporary notes of the
authority, as certified by the state comptroller; and provided further, that
said notes shall be retired no later than September 1, 2000
`tc6
$325,000,000
`tcol;end
Approved August 10, 2000.