AR HB1094

Appropriates $52,000,000 to the Office of the Treasurer of State from the College Savings Bond Fund for fiscal year 2016-2017, including $20,000,000 for refunds/reimbursements and $32,000,000 for debt service on College Savings and Higher Education General Obligation Bonds.

Appropriates $68,000,000 to the Office of the Treasurer of State from the Water, Waste Disposal and Pollution Abatement Facilities Bond Fund for fiscal year 2016-2017, including $40,000,000 for refunds/reimbursements and $28,000,000 for debt service on Water, Waste Disposal and Pollution Abatement General Obligation Bonds.

Authorizes the State Treasurer to transfer funds from the Refunds/Reimbursement line item to the Debt Service line item if bond payment appropriations are determined to be insufficient.

Requires all disbursements to comply with the State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and other applicable fiscal control laws.

Declares an emergency effective July 1, 2016 to ensure the State Treasurer can meet debt service obligations for general obligation bonds.