AR HB1131

Appropriates $52,000,000 to the Office of the Treasurer of State from the College Savings Bond Fund for debt service on College Savings and Higher Education General Obligation Bonds for fiscal year 2019-2020, consisting of $20,000,000 in refunds/reimbursements and $32,000,000 in debt service.

Appropriates $68,000,000 to the Office of the Treasurer of State from the Water, Waste Disposal and Pollution Abatement Facilities Bond Fund for debt service on Water, Waste Disposal and Pollution Abatement General Obligation Bonds for fiscal year 2019-2020, consisting of $40,000,000 in refunds/reimbursements and $28,000,000 in debt service.

Authorizes the State Treasurer to transfer funds from the Refunds/Reimbursement line item to the Debt Service line item if appropriations for any of the four bond programs are insufficient to meet maturing bond and interest payments.

Requires all fund disbursements to comply with state procurement, accounting, budgeting, and fiscal control laws as administered by the Department of Finance and Administration.

Declares an emergency effective July 1, 2019, to ensure proper agency operation and prevent irreparable harm to essential government programs.