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Session Law

2008

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Chapter 172 AN ACT PROVIDING THE TERMS OF CERTAIN BONDS TO BE ISSUED BY THE COMMONWEALTH TO FINANCE IMPROVEMENTS TO THE COMMONWEALTH’S TRANSPORTATION SYSTEM.

Whereas, The deferred operation of this act would tend to defeat its purpose, which is to provide forthwith for the immediate capital improvement needs of the commonwealth, 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 may issue under sections 24, 25, 26, 27 and 28 of chapter 86 of the acts of 2008 shall be issued for terms not to exceed 30 years. All such bonds shall be payable not later than June 30, 2043, as recommended by the governor in a message to the general court dated April 22, 2008, under section 3 of Article LXII of the Amendments to the Constitution.

Approved July 2, 2008.


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