AR HB1030

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 2022-2023, consisting of $20,000,000 for refunds/reimbursements and $32,000,000 for 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 2022-2023, consisting of $40,000,000 for refunds/reimbursements and $28,000,000 for debt service.

Allows the State Treasurer to transfer funds from the Refunds/Reimbursements line item to the Debt Service line item if appropriations for maturing bonds and interest payments are insufficient, effective July 1, 2022 through June 30, 2023.

Requires all fund disbursements to comply with state procurement laws, accounting and budgetary procedures, revenue stabilization law, salary procedures, and other applicable fiscal control laws and regulations.

Effective July 1, 2022, and approved February 23, 2022.