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  • Acts
  • 2002
  • Chapter 323 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 immediately facilitate the issuance of bonds 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 any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section 1 of chapter 192 of the acts of 2002 shall be issued for a term not to exceed 20 years. All such bonds shall be payable not later than June 30, 2027, as recommended by the governor in a message to the general court dated August 13, 2002, pursuant to Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 2. Notwithstanding any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section 3 of chapter 236 of the acts of 2002 shall be issued for a term not to exceed 20 years. All such bonds shall be payable not later than June 30, 2022, as recommended by the governor in a message to the general court dated August 13, 2002, pursuant to Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 3. Notwithstanding any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section 4 of chapter 236 of the acts of 2002 shall be issued for a term not to exceed 20 years. All such bonds shall be payable not later than June 30, 2027, as recommended by the governor in a message to the general court dated August 13, 2002, pursuant to Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 4. Notwithstanding any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section 3 of chapter 244 of the acts of 2002 shall be issued for a term not to exceed 20 years. All such bonds shall be payable not later than June 30, 2028, as recommended by the governor in a message to the general court dated August 13, 2002, pursuant to Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 5. Notwithstanding any general or special law to the contrary, the notes which the state treasurer is authorized to issue under section 4 of chapter 244 of the acts of 2002 shall be issued for a term not to exceed 1 year. All such notes shall be payable not later than June 30, 2008, as recommended by the governor in a message to the general court dated August 13, 2002, pursuant to Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 6. Notwithstanding any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section 4 of chapter 245 of the acts of 2002 shall be issued for a term not to exceed 20 years. All such bonds shall be payable not later than June 30, 2027, as recommended by the governor in a message to the general court dated August 13, 2002, pursuant to Section 3 of Article LXII of the Amendments to the Constitution.

SECTION 7. Notwithstanding any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section 4 of chapter 246 of the acts of 2002 shall be issued for a term not to exceed 20 years. All such bonds shall be payable not later than June 30, 2027, as recommended by the governor in a message to the general court dated August 13, 2002, pursuant to Section 3 of Article LXII of the Amendments to the Constitution.

Approved September 12, 2002.