MS SB3005

Appropriates $385,241,392.00 from the State General Fund for paying service charges to banks and maturing bonds and interest on full faith and credit bonds of Mississippi falling due during Fiscal Year 2018.

Appropriates $85,879,828.00 from special source funds and interest earnings on bond proceeds for paying maturing bonds and interest on full faith and credit bonds during Fiscal Year 2018.

Authorizes expenditure of $14,775,375.00 from special source funds and interest earnings for paying maturing bonds and interest on revenue bonds during Fiscal Year 2018.

Designates $500,000.00 from the Section 1 appropriation for paying bank service charges, with itemized statements required from banks.

Takes effect July 1, 2017, with bond and interest payments to be made according to the schedule of interest payments for all outstanding bond issues due between July 1, 2017, and June 30, 2018.