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  • Acts
  • 1998
  • Chapter 229 AN ACT RELATIVE TO THE TERMS OF CERTAIN BONDS AND NOTES 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 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 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:


For the purposes of making available for expenditure in fiscal year 1998 and, 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.

Approved August 6, 1998.