Amendment #1 to H3331

Terms Amendment

Mr. Dempsey of Haverhill moves to amend the bill by inserting after section 5 the following section:-

SECTION 5A.  Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to this act shall be issued for a term not to exceed 30 years. All such bonds shall be payable not later than June 30, 2048, as recommended by the governor in a message to the general court dated June 17, 2013 under section 3 of Article LXII of the Amendments to the Constitution.