Whereas , The deferred operation of this act would tend to defeat its purpose, which is forthwith to facilitate the issuance of notes to carry out the purposes of a certain act, 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:

Notwithstanding any general or special law to the contrary, the notes that the state treasurer may issue under section 8 of chapter 235 of the acts of 1998 shall be issued for terms not to exceed 5 years from the date of issuance. All such notes shall be payable not later than June 30, 2007, as recommended by the governor in a message to the general court dated November 21, 2001, pursuant to section 3 of Article LXII of the Amendments to the Constitution.