AR HB1060

Appropriates $42,000,000 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, including $10,000,000 for refunds/reimbursements and $32,000,000 for debt service for fiscal year 2023-2024.

Appropriates $43,000,000 to the Office of the Treasurer of State from the Water, Waste Disposal and Pollution Abatement Facilities Bond Fund for debt service, including $15,000,000 for refunds/reimbursements and $28,000,000 for debt service for fiscal year 2023-2024.

Authorizes the State Treasurer to transfer funds from the Refunds/Reimbursement line item to the Debt Service line item if appropriations for bond payments and interest become insufficient, effective July 1, 2023 through June 30, 2024.

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

Declares an emergency effective July 1, 2023 to ensure immediate availability of appropriations for essential governmental operations.