SB3579 Summary

• Appropriates $7,601,800 from the General Revenue Fund to the Office of the State Treasurer for operational expenses for fiscal year ending June 30, 2015

• Appropriates $11,051,660 from the State Pensions Fund to the Office of the State Treasurer for operational expenses for fiscal year ending June 30, 2015

• Appropriates $8,100,000 from the Bank Services Trust Fund for banking services payments pursuant to the State Treasurer's Bank Services Trust Fund Act

• Appropriates $3,223,722,408 for principal and interest payments on State bonded indebtedness from the General Obligation Bond Retirement and Interest Fund, including $1,888,615,719 for principal and $1,335,106,689 for interest

• Appropriates $1,000,000 from the General Obligation Bond Rebate Fund for arbitrage rebate payments to the U.S. government and $500,000 from the Charitable Trust Stabilization Fund for administrative costs and grants to public and private entities