MS SB2955

Appropriates $439,069,629.00 from the State General Fund for paying service charges to banks and for paying maturing full faith and credit bonds and interest falling due during Fiscal Year 2022 (July 1, 2021 - June 30, 2022).

Appropriates $30,514,951.00 from special source funds and interest earnings on bond proceeds for paying maturing full faith and credit bonds and interest during Fiscal Year 2022.

Authorizes expenditure of $35,618,100.00 from special source funds and interest earnings on bond proceeds for paying maturing revenue bonds and interest during Fiscal Year 2022.

Authorizes the State Treasurer to accept, budget, and expend excess funds from interest earnings on bond proceeds or loan repayments in accordance with Department of Finance and Administration rules.

Allocates $500,000.00 of Section 1 funds for bank service charges, with itemized statements required to be attached to State Treasurer requisitions; act takes effect July 1, 2021.