The Commonwealth of Massachusetts

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DEVAL L. PATRICK GOVERNOR TIMOTHY P. MURRAY LIEUTENANT GOVERNOR

Executive Department State House  ·  Boston 02133 (617) 725-4000

June 30, 2008.

To the Honorable Senate and House of Representatives:

I am filing today for your consideration a bill entitled “An Act Providing the Terms of Certain Bonds to Be Issued by the Commonwealth to Finance Investment in and Expansion of the Life Sciences Industry in the Commonwealth.”  This legislation specifies the maximum terms for certain bonds and notes of the Commonwealth.

Under Section 3 of Article LXII of the Amendments to the Constitution of the Commonwealth, I recommend that the bonds which the State Treasurer is authorized to issue under section 46 of Chapter 130 of the Acts of 2008 shall be issued for terms not to exceed 20 years from the date of issuance thereof, and that all these bonds shall be payable not later than June 30, 2033.

Thank you for your prompt consideration of this bill.

Respectfully submitted,

                                                                                       DEVAL L. PATRICK,

                                                                                       Governor.

The Commonwealth of Massachusetts

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In the Year Two Thousand and Eight.

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An Act providing the terms of certain bonds to be issued by the Commonwealth to finance investment in and expansion of the life sciences industry in the Commonwealth.

Whereas, the deferred operation of this act would tend to defeat its purpose, which is to provide forthwith for the immediate capital 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:

Notwithstanding any general or special law to the contrary, the bonds which the state treasurer may issue under section 46 of chapter 130 of the acts of 2008 shall be issued for a term not to exceed 20 years as recommended by the governor in a message to the general court dated June 30, 2008 under section 3 of Article LXII of the Amendments to the Constitution.