Whereas, The deferred operation of this act would tend to defeat its purpose, which is to immediately provide for emergency capital repairs, 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,
SECTION 1. To provide for a capital outlay program for certain emergency repairs, improvements, construction, and reconstruction projects, the sum set forth in section two of this act, for the several purposes and subject to the conditions specified under the provisions of this act, is hereby made available from the General Capital Projects Fund, subject to the provisions of law regulating the disbursement of public funds.
SECTION 2. `tm;keep=no `tcol=6,B4;c1=1,9,tu,T;c2=1,78,tuc;c3=1,78,tuc;c4=12,53,tfh1;c5=16,49,tu;c6=66,13,tur `tc1 7502-7957 `tc4 For the renovation and installation of heating systems at Berkshire community college; provided, that said project shall be completed not later than June thirtieth, nineteen hundred and ninety-seven `tc6 $3,000,000 `tcol;end
SECTION 3. To meet the expenditures necessary in carrying out the provisions of section two of this act, the state treasurer shall, upon the request of the governor, issue and sell bonds of the commonwealth, in an amount specified by the governor from time to time, but not exceeding, in the aggregate, the sum of three million dollars. All bonds issued by the commonwealth, as aforesaid, shall be designated on their face, Berkshire Community College Emergency Capital Outlay Loan Act of 1994, and shall be issued for such maximum term of years, not exceeding twenty years, as the governor may recommend to the general court pursuant to Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth; provided, however, that all such bonds shall be payable not later than June thirtieth, two thousand and nineteen. All interest and payments on account of principal of such obligations shall be payable from the General Fund. Bonds and interest thereon issued under the authority of this section shall be general obligations of the commonwealth.
SECTION 4. The state treasurer may borrow from time to time on the credit of the commonwealth such sums of money as may be necessary for the purposes of meeting payments authorized by section two of this act and may issue and renew from time to time notes of the commonwealth therefor, bearing interest payable at such times and at such rates as shall be fixed by the state treasurer. Such notes shall be issued and may be renewed one or more times for such terms, not exceeding one year, as the governor may recommend to the general court in accordance with Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth, but the final maturities of such notes, whether original or renewal, shall not be later than June thirtieth, two thousand and one. Notes and interest thereon issued under the authority of this section shall be general obligations of the commonwealth. All interest and payments on account of principal of such obligations shall be payable from the General Fund.
SECTION 5. Item 1102-9951 of section 2 of chapter 85 of the acts of 1994 is hereby amended by striking out the wording and inserting in place thereof the following:-
For the purpose of establishing a multi-purpose sports arena in the city of Lowell in conjunction with the University of Massachusetts at Lowell and the city of Lowell and for any costs related thereto; provided, however, that no funds shall be expended from this item until a comprehensive plan for said multi-purpose sports arena is submitted to the house and senate committees on ways and means.