AN ACT RELATIVE TO THE TERMS OF CERTAIN BONDS ISSUED BY THE COMMONWEALTH.
Whereas , The deferred operation of this act would tend to defeat its purpose, which is to facilitate forthwith the issuance of certain state bonds, 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 bonds which the state treasurer may issue under section 3 of chapter 142 of the acts of 2002 shall be issued for a term not to exceed 7 years. All such bonds shall be payable not later than June 30, 2013, as recommended by the governor in a message to the general court dated August 10, 2001, pursuant to Section 3 of Article LXII of the Amendments to the Constitution.