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This entry was published on 2014-09-22
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Federal interest subsidy payments
State Finance (STF) CHAPTER 56, ARTICLE 6
§ 73. Federal interest subsidy payments. Notwithstanding any other
provision of law to the contrary, the comptroller shall deposit any
federal interest subsidy payments received by the state for
state-supported debt issued as build America bonds (BABs) or Qualified
School Construction Bonds (QSCBs), as authorized pursuant to the
American Recovery and Reinvestment Act of 2009 (ARRA), as amended or
pursuant to any successor authorization, to each respective debt service
fund which relates to such bonds.