MS SB2995

Appropriates $385,241,392.00 from the State General Fund for paying service charges to banks and maturing full faith and credit bonds with interest falling due during Fiscal Year 2019.

Appropriates $87,747,721.00 from special source funds and interest earnings on bond proceeds for paying maturing full faith and credit bonds with interest during Fiscal Year 2019.

Authorizes expenditure of $16,122,350.00 from special source funds and interest earnings on bond proceeds for paying maturing revenue bonds with interest during Fiscal Year 2019.

Allocates $500,000.00 of Section 1 funds specifically for bank service charges, requiring itemized statements 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, effective July 1, 2018.