Mississippi SB3100 appropriates funds for paying service charges to banks for acting as agents in paying full faith and credit bonds and interest of.
Mississippi SB3100 allocates funds from the State General Fund for paying service charges to banks acting as agents for the State in paying full faith and credit bonds and interest. The bill authorizes the State Treasurer to accept, budget, and expend any excess funds from interest earnings on bond proceeds or from loan repayments. It also appropriates specific amounts for paying maturing bonds and interest on the full faith and credit bonds of the State of Mississippi falling due during Fiscal Year 2027. The act takes effect from July 1, 2026, and stands repealed from June 30, 2027.
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