AN ACT RELATIVE TO THE TERMS OF CERTAIN BONDS AND NOTES 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:
SECTION 1. Notwithstanding the provisions of any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section 4 of chapter 767 of the acts of 1970 shall be issued for terms not to exceed ten years and all such bonds shall be payable by June 30, 2010, as recommended by the governor in a message to the general court dated December 17, 1999, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.
SECTION 2. Notwithstanding the provisions of any general or special law to the contrary, the notes which the state treasurer is authorized to issue under section 4A of said chapter 767 shall be issued, and may be renewed one or more times, for terms not exceeding one year, and the final maturities of such notes, whether original or renewal, shall be not later than June 30, 2010, as recommended by the governor in a message to the general court dated December 17, 1999, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.
SECTION 3. Notwithstanding the provisions of any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section 10 of chapter 481 of the acts of 1976 shall be issued for terms not to exceed 20 years and all such bonds shall be payable by June 30, 2021, as recommended by the governor in a message to the general court dated December 17, 1999, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.
SECTION 4. Notwithstanding the provisions of any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section 11F of chapter 723 of the acts of 1983 shall be issued for terms not to exceed ten years and all such bonds shall be payable by June 30, 2009, as recommended by the governor in a message to the general court dated December 17, 1999, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.
SECTION 5. Notwithstanding the provisions of any general or special law to the contrary, the notes which the state treasurer is authorized to issue under section 11T of said chapter 723 shall be issued, and may be renewed one or more times, for terms not exceeding one year, and the final maturities of such notes, whether original or renewal, shall be not later than June 30, 2009, as recommended by the governor in a message to the general court dated December 17, 1999, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.
SECTION 6. Notwithstanding the provisions of any general or special law to the contrary, the notes which the state treasurer is authorized to issue under section 126 of chapter 199 of the acts of 1987 shall be issued, and may be renewed one or more times, for terms not exceeding one year, and the final maturities of such notes, whether original or renewal, shall be not later than June 30, 2006, as recommended by the governor in a message to the general court dated December 17, 1999, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.
SECTION 7. Notwithstanding the provisions of any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section 131 of said chapter 199 shall be issued for a term not to exceed seven years; provided, however, that all such bonds shall be payable by June 30, 2006, as recommended by the governor in a message to the general court dated December 17, 1999, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.
SECTION 8. Notwithstanding the provisions of any general or special law to the contrary, the notes which the state treasurer is authorized to issue under section 12 of chapter 15 of the acts of 1988 shall be issued, and may be renewed one or more times, for terms not exceeding one year, and the final maturities of such notes, whether original or renewal, shall be not later than June 30, 2011, as recommended by the governor in a message to the general court dated December 17, 1999, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.
SECTION 9. Notwithstanding the provisions of any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section 14 of said chapter 15 shall be issued for terms not to exceed ten years and all such bonds shall be payable by June 30, 2011, as recommended by the governor in a message to the general court dated December 17, 1999, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.
SECTION 10. Notwithstanding the provisions of any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section 20 of said chapter 15 shall be issued for terms not to exceed ten years and all such bonds shall be payable by June 30, 2011, as recommended by the governor in a message to the general court dated December 17, 1999, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.
SECTION 11. Notwithstanding the provisions of any general or special law to the contrary, the notes which the state treasurer is authorized to issue under section 93 of chapter 164 of the acts of 1988 shall be issued, and may be renewed one or more times, for terms not exceeding one year, and the final maturities of such notes, whether original or renewal, shall be not later than June 30, 2007, as recommended by the governor in a message to the general court dated December 17, 1999, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.
SECTION 12. Notwithstanding the provisions of any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section 96 of said chapter 164 shall be issued for terms not to exceed seven years and all such bonds shall be payable by June 30, 2007, as recommended by the governor in a message to the general court dated December 17, 1999, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.
SECTION 13. Notwithstanding the provisions of any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section 290 of chapter 127 of the acts of 1999 shall be issued for terms not to exceed 20 years and all such bonds shall be payable by June 30,2029, as recommended by the governor in a me the general court dated December 17, 1999, in pursuance of Section 3 of Article LXII of the Amendments to the Constitution.