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The 191st General Court of the Commonwealth of Massachusetts

AN ACT PROVIDING FOR THE TERMS OF CERTAIN BONDS TO BE 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 bonds for the immediate transportation improvement needs of the commonwealth, 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 that the state treasurer may issue pursuant to section 77 of chapter 209 of the acts of 2018 shall be issued for a maximum term of years, not to exceed 30 years. All such bonds shall be payable not later than June 30, 2053, as recommended by the governor in a message to the general court dated August 15, 2018 under section 3 of Article LXII of the Amendments to the Constitution.

 

Approved, October 5, 2018.