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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 protection of environmental and natural resources and certain bonds for the economic infrastructure and economic opportunity 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:

SECTION 1. The definition of “Employee” in subsection (a) of section 24L of chapter 149 of the General Laws, as appearing in section 21 of chapter 228 of the acts of 2018, is hereby amended by striking out the word “chapter” the second time it appears, and inserting in place thereof the following word:- section.

SECTION 2. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 72 of chapter 209 of the acts of 2018 shall be issued for a maximum term of years, not to exceed 20 years. All such bonds shall be payable not later than June 30, 2043, 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.

SECTION 3. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 73 of chapter 209 of the acts of 2018 shall be issued for a maximum term of years, not to exceed 20 years. All such bonds shall be payable not later than June 30, 2043, 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.

SECTION 4. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 74 of chapter 209 of the acts of 2018 shall be issued for a maximum term of years, not to exceed 20 years. All such bonds shall be payable not later than June 30, 2043, 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.

SECTION 5. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 75 of chapter 209 of the acts of 2018 shall be issued for a maximum term of years, not to exceed 20 years. All such bonds shall be payable not later than June 30, 2043, 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.

SECTION 6. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 76 of chapter 209 of the acts of 2018 shall be issued for a maximum term of years, not to exceed 10 years. All such bonds shall be payable not later than June 30, 2033, 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.

SECTION 7. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 59 of chapter 228 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.

SECTION 8. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 60 of chapter 228 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.