Chap. 418.   An Act increasing the funds available fob investment BY SAVINGS BANKS.
Be it enacted, etc., as follows:
Section 66 of chapter 168 of the General Laws, as appearing in section 1 of chapter 432 of the acts of 1955, is hereby amended by striking out the second sentence and inserting in place thereof the following two sentences:—Any borrowing made under the authority of clause (6) shall be for periods aggregating not more than ten years and six months, subject, however, to renewal for any unpaid balance after such period with the written approval of the commissioner. Such borrowing shall be from an institution regulated by state or federal authorities.                                                      Approved June 8,1972.