MS SB3056

Appropriates $385,241,392.00 from the State General Fund for paying service charges to banks and maturing full faith and credit bonds and interest due during Fiscal Year 2020.

Appropriates $54,993,782.00 from special source funds and interest earnings on bond proceeds for paying maturing full faith and credit bonds and interest during Fiscal Year 2020.

Authorizes expenditure of $36,169,850.00 from special source funds and interest earnings on bond proceeds for paying maturing revenue bonds and interest during Fiscal Year 2020.

Allocates $500,000.00 from Section 1 funds specifically for bank service charges, with itemized statements required from banks.

Effective July 1, 2019, with bond and interest payments made according to scheduled coupon payment dates between July 1, 2019, and June 30, 2020.