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AR HB1113
Bill
Status
1/27/2025
Primary Sponsor
Joint Budget Committee
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AI Summary
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Appropriates $42,000,000 from the College Savings Bond Fund for debt service on College Savings and Higher Education General Obligation Bonds for fiscal year ending June 30, 2026
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Appropriates $43,000,000 from the Water, Waste Disposal and Pollution Abatement Facilities Bond Fund for debt service on related general obligation bonds for fiscal year ending June 30, 2026
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Authorizes the State Treasurer to transfer funds from the Refunds/Reimbursements line item to Debt Service if appropriations are insufficient to cover maturing bonds and interest
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Requires all disbursements to comply with State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and other fiscal control regulations
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Includes an emergency clause making the act effective July 1, 2025, approved January 27, 2025
Legislative Description
An Act For The Office Of The Treasurer Of State - General Obligation Bonds Appropriation For The 2025-2026 Fiscal Year.
Last Action
Notification that HB1113 is now Act 8
1/27/2025