MS SB3009

Appropriates $376,367,667.00 from the State General Fund for payment of service charges to banks and maturing bonds and interest on full faith and credit bonds falling due during Fiscal Year 2013

Appropriates $82,164,519.00 from special source funds and interest earnings on bond proceeds for payment of maturing bonds and interest during Fiscal Year 2013

Authorizes the State Treasurer to accept, budget, and expend excess funds from interest earnings on bond proceeds or loan repayments in accordance with Department of Finance and Administration rules

Allocates $1,500,000.00 for payment of bank service charges, requiring itemized statements from banks to be attached to State Treasurer requisitions

Effective July 1, 2012, with bond and interest payments due between July 1, 2012, and June 30, 2013