AN ACT RELATIVE TO THE TERMS OF CERTAIN BONDS AND NOTES TO BE ISSUED BY THE COMMONWEALTH.
, The deferred operation of this act would
tend to defeat its purpose, which is to
facilitate forthwith the issuance of bonds and notes to carry out the purposes
of certain acts passed by the general court,
therefore it is hereby declared to be an emergency law,
necessary for the immediate preservation of the
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
For the purposes of making available for expenditure in fiscal year 1998
notwithstanding any provision of law to the contrary, the bonds which the
state treasurer is authorized to issue under section 8A of chapter 212 of the
acts of 1975 shall be issued for a term not to exceed 20 years, as recommended
by the governor in a message to the general court dated June 9, 1998, in
pursuance of Section 3 of Article LXII of the Amendments to the Constitution
of the Commonwealth.