MS SB2896

Appropriates $392,741,392.00 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 2016.

Appropriates an additional $92,866,623.00 from special source funds and interest earnings on bond proceeds for paying maturing bonds and interest during Fiscal Year 2016.

Allocates $750,000.00 of the General Fund appropriation specifically for bank service charges, with itemized statements required to be attached to State Treasurer requisitions.

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

Takes effect July 1, 2015, and applies to bonds and interest payments due between July 1, 2015, and June 30, 2016.