MS SB2909

Appropriates $385,628,277.00 from the State General Fund for paying service charges to banks and maturing bonds and interest on full faith and credit bonds falling due during Fiscal Year 2015.

Appropriates an additional $71,981,133.00 from special source funds and interest earnings on bond proceeds for paying maturing bonds and interest during Fiscal Year 2015.

Authorizes the State Treasurer to accept, budget, and expend excess funds from interest earnings on bond proceeds and loan repayments received pursuant to bond documents.

Allocates $1,000,000.00 of the appropriated funds for payment of bank service charges, requiring itemized statements from banks attached to State Treasurer requisitions.

Takes effect on July 1, 2014, and remains in effect until bonds are paid or June 30, 2015, whichever occurs first.