AR SB88

Appropriates $250,000 to the Office of the Treasurer of State for operating expenses related to Investments operations for fiscal year ending June 30, 2020.

Funds to be paid from cash deposited in the State Treasury as determined by the Chief Fiscal Officer for operating expenses and data systems and services.

Appropriation breakdown: $250,000 for operating expense; $0 for conferences and travel, professional fees, capital outlay, and data processing.

Requires disbursement to comply with State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, Regular Salary Procedures and Restrictions Act, and other fiscal control laws of the state.

Declares emergency clause due to insufficient funds for the Office of the Treasurer of State to continue providing essential governmental services; becomes effective upon passage and approval on April 20, 2020.