AN ACT PROVIDING FOR THE TERMS OF CERTAIN BONDS FOR TRANSPORTATION IMPROVEMENTS TO BE ISSUED BY THE COMMONWEALTH.
Whereas, The deferred operation of this act would tend to defeat its purpose, which is to provide forthwith for the issuance of certain bonds for the immediate transportation improvement 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:
SECTION 1. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 3 of chapter 16 of the acts of 2019 shall be issued for a term not to exceed 30 years. All such bonds shall be payable not later than June 30, 2054, as recommended by the governor in a message to the general court dated June 13, 2019 under section 3 of Article LXII of the Amendments to the Constitution.
SECTION 2. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 4 of chapter 16 of the acts of 2019 shall be issued for a term not to exceed 30 years. All such bonds shall be payable not later than June 30, 2054, as recommended by the governor in a message to the general court dated June 13, 2019 under section 3 of Article LXII of the Amendments to the Constitution.
SECTION 3. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 5 of chapter 16 of the acts of 2019 shall be issued for a term not to exceed 30 years. All such bonds shall be payable not later than June 30, 2054, as recommended by the governor in a message to the general court dated June 13, 2019 under section 3 of Article LXII of the Amendments to the Constitution.
Approved, July 2, 2019.