AN ACT PROVIDING THE TERMS OF CERTAIN BONDS TO BE ISSUED BY THE COMMONWEALTH TO STIMULATE ECONOMIC GROWTH
Whereas,The deferred operation of this act would tend to defeat its purpose, which is to facilitate forthwith the issuance of certain bonds to stimulate economic growth, 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 pursuant to section 77 of chapter 238 of the acts of 2012 shall be issued for a term not to exceed 30 years. All such bonds shall be payable not later than June 30, 2047, as recommended by the governor in a message to the general court dated June 26, 2014 under section 3 of Article LXII of the Amendments to the Constitution.
Approved, August 6, 2014.