AN ACT RELATIVE TO THE ISSUANCE OF CERTAIN BONDS BY THE TOWN OF WELLFLEET.
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 town of Wellfleet may issue bonds or notes not more than $3,190,961 for the cost of constructing and reconstructing the Wellfleet harbor seawall for a term of not more than 20 years from their date of issuance; provided, however, that the amount of bonds shall be reduced by the amount of any grants or gifts received by the town for this project. Except as otherwise provided in this act, such bonds or notes shall be subject to all applicable provision of chapter 44 of the General Laws.
SECTION 2. This act shall take effect upon its passage.
Approved February 21 , 2008