AN ACT RELATIVE TO THE TERMS OF CERTAIN BONDS TO BE ISSUED BY THE COMMONWEALTH.
, The deferred operation of this act would tend to defeat its purpose, which is
forthwith to facilitate the issuance of bonds to carry out the purposes of a certain
act 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:
any general or special law to the contrary, the bonds which the state treasurer
may issue under section 3 of chapter 40
of the acts of 2003, 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 July 29, 2003 pursuant to Section 3 of
Article LXII of the Amendments to the Constitution.