AN ACT RELATIVE TO THE TERMS OF CERTAIN BONDS 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 certain bonds to finance the municipal road and bridge maintenance 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 that the state treasurer may issue under section 3 of chapter 133 of the acts of 2012 shall be issued for a term not to exceed 30 years and all such bonds shall be payable by June 30, 2047, as recommended by the governor in a message to the general court dated July 3, 2012 under section 3 of Article LXII of the Amendments to the Constitution.
Approved, July 27, 2012.