AN ACT AUTHORIZING THE TOWN OF NAHANT TO ISSUE CERTAIN BOND ANTICIPATION NOTES.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows:
Notwithstanding section 17 of chapter 44 of the General Laws or any other general or special law to the contrary, the town of Nahant may issue bond anticipation notes to renew the financing of the former United States Coast Guard housing property, which was authorized by a vote of the town on article 1 of the warrant for the August 9, 2004 special town meeting for the acquisition by the town of land and buildings thereon formerly owned by the United States Coast Guard; provided, however, that the term of the notes shall not exceed 10 years from January 11, 2015, which is the current maturity date of the outstanding notes. The notes issued under this act may be used for the term without any required payment of principal during the term and without any other required action relative thereto.
Approved, September 26, 2013.