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Session Law

2010

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Chapter 412 AN ACT PROVIDING 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 to facilitate forthwith 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:

SECTION 1. Section 2B of chapter 240 of the acts of 2010 is hereby amended by striking out the item number “6001-0817” and inserting in place thereof the following item number:- 6001-0816.

SECTION 2. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue under section 172 of chapter 240 of the acts of 2010 shall be issued for a term not to exceed 30 years. All such bonds shall be payable not later than June 30, 2045, as recommended by the governor in a message to the general court dated November 5, 2010.

Approved, January 5, 2011.


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