AN ACT RELATIVE TO THE TERMS OF CERTAIN BONDS TO BE ISSUED BY THE COMMONWEALTH.
Whereas, The deferred operation of this act would tend to defeat its purpose, which is immediately 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:
Notwithstanding any general or special law to the contrary, the bonds which the state treasurer is authorized to issue under section 3 of chapter 53 of the acts of 2005, shall be issued for a term not to exceed 20 years. All such bonds shall be payable not later than June 30, 2030, as recommended by the governor in a message to the general court dated September 27, 2005 pursuant to section 3 of Article LXII of the Amendments to the Constitution.
Approved July 5, 2006.