MS SB2918

Appropriates $392,741,392.00 from the State General Fund for payment of service charges to banks and maturing bonds and interest on full faith and credit bonds of Mississippi falling due during Fiscal Year 2017.

Appropriates $111,503,518.00 from special source funds and interest earnings on bond proceeds for payment of maturing bonds and interest on full faith and credit bonds during Fiscal Year 2017.

Authorizes expenditure of $13,097,350.00 from special source funds and interest earnings on bond proceeds for payment of maturing bonds and interest on revenue bonds during Fiscal Year 2017.

Allocates $750,000.00 of Section 1 funds for bank service charges, with itemized statements required to be attached to State Treasurer requisitions.

Effective date is July 1, 2016, with bond and interest payments scheduled according to individual bond issue payment schedules between July 1, 2016 and June 30, 2017.