AN ACT PROVIDING FOR 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 provide for the terms of certain bonds to be issued by 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 7 of chapter 140 of the acts of 2022 shall be issued for a term not to exceed 30 years. All such bonds shall be payable not later than June 30, 2057, as recommended by the governor in a message to the general court dated August 17, 2022 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 8 of chapter 140 of the acts of 2022 shall be issued for a term not to exceed 20 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 August 17, 2022 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 9 of chapter 140 of the acts of 2022 shall be issued for a term not to exceed 10 years. All such bonds shall be payable not later than June 30, 2037, as recommended by the governor in a message to the general court dated August 17, 2022 under section 3 of Article LXII of the Amendments to the Constitution.
SECTION 4. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 10 of chapter 140 of the acts of 2022 shall be issued for a term not to exceed 7 years. All such bonds shall be payable not later than June 30, 2034, as recommended by the governor in a message to the general court dated August 17, 2022 under section 3 of Article LXII of the Amendments to the Constitution.
SECTION 5. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 51 of chapter 175 of the acts of 2022 shall be issued for a term not to exceed 5 years. All such bonds shall be payable not later than June 30, 2032, as recommended by the governor in a message to the general court dated August 17, 2022 under section 3 of Article LXII of the Amendments to the Constitution.
SECTION 6. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 52 of chapter 175 of the acts of 2022 shall be issued for a term not to exceed 5 years. All such bonds shall be payable not later than June 30, 2032, as recommended by the governor in a message to the general court dated August 17, 2022 under section 3 of Article LXII of the Amendments to the Constitution.
SECTION 7. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 53 of chapter 175 of the acts of 2022 shall be issued for a term not to exceed 5 years. All such bonds shall be payable not later than June 30, 2032, as recommended by the governor in a message to the general court dated August 17, 2022 under section 3 of Article LXII of the Amendments to the Constitution.
SECTION 8. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 41 of chapter 176 of the acts of 2022 shall be issued for a term not to exceed 30 years. All such bonds shall be payable not later than June 30, 2062, as recommended by the governor in a message to the general court dated August 17, 2022 under section 3 of Article LXII of the Amendments to the Constitution.
SECTION 9. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 42 of chapter 176 of the acts of 2022 shall be issued for a term not to exceed 30 years. All such bonds shall be payable not later than June 30, 2062, as recommended by the governor in a message to the general court dated August 17, 2022 under section 3 of Article LXII of the Amendments to the Constitution.
SECTION 10. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 43 of chapter 176 of the acts of 2022 shall be issued for a term not to exceed 20 years. All such bonds shall be payable not later than June 30, 2052, as recommended by the governor in a message to the general court dated August 17, 2022 under section 3 of Article LXII of the Amendments to the Constitution.
SECTION 11. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 44 of chapter 176 of the acts of 2022 shall be issued for a term not to exceed 30 years. All such bonds shall be payable not later than June 30, 2062, as recommended by the governor in a message to the general court dated August 17, 2022 under section 3 of Article LXII of the Amendments to the Constitution.
SECTION 12. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 45 of chapter 176 of the acts of 2022 shall be issued for a term not to exceed 20 years. All such bonds shall be payable not later than June 30, 2052, as recommended by the governor in a message to the general court dated August 17, 2022 under section 3 of Article LXII of the Amendments to the Constitution.
SECTION 13. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 46 of chapter 176 of the acts of 2022 shall be issued for a term not to exceed 30 years. All such bonds shall be payable not later than June 30, 2062, as recommended by the governor in a message to the general court dated August 17, 2022 under section 3 of Article LXII of the Amendments to the Constitution.
SECTION 14. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 47 of chapter 176 of the acts of 2022 shall be issued for a term not to exceed 30 years. All such bonds shall be payable not later than June 30, 2062, as recommended by the governor in a message to the general court dated August 17, 2022 under section 3 of Article LXII of the Amendments to the Constitution.
SECTION 15. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 48 of chapter 176 of the acts of 2022 shall be issued for a term not to exceed 30 years. All such bonds shall be payable not later than June 30, 2062, as recommended by the governor in a message to the general court dated August 17, 2022 under section 3 of Article LXII of the Amendments to the Constitution.
SECTION 16. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 49 of chapter 176 of the acts of 2022 shall be issued for a term not to exceed 20 years. All such bonds shall be payable not later than June 30, 2052, as recommended by the governor in a message to the general court dated August 17, 2022 under section 3 of Article LXII of the Amendments to the Constitution.
SECTION 17. Notwithstanding any general or special law to the contrary, the bonds that the state treasurer may issue pursuant to section 50 of chapter 176 of the acts of 2022 shall be issued for a term not to exceed 20 years. All such bonds shall be payable not later than June 30, 2052, as recommended by the governor in a message to the general court dated August 17, 2022 under section 3 of Article LXII of the Amendments to the Constitution.
Approved, September 23, 2022.