AN ACT RELATIVE TO THE ISSUANCE OF CERTAIN BONDS BY THE CITY OF REVERE.
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 clause (9) of section 8 of chapter 44 of the General Laws or any other general or special law to the contrary, the city of Revere may borrow the sum of $2,650,000 authorized for the costs of the Beachmont school fuel oil remediation project pursuant to said clause (9) for a term of 20 years and may use the proceeds of the borrowing to reimburse any funds of the city used to pay such costs prior to borrowing.
SECTION 2. The order of the city council approved by the mayor on July 24, 2003 authorizing bonds for the costs described in section 1 of this act is hereby ratified and confirmed in all respects.
SECTION 3. This act shall take effect upon its passage.