Appropriation; Debt Service-Gen. Obli.
This bill appropriates $422 million from the State General Fund to pay banks for handling state bond payments and to cover maturing state bonds and interest due during fiscal year 2026. It allocates $17.75 million specifically for "full faith and credit" state bonds and $34.54 million for revenue bonds falling due between July 2025 and June 2026. The funds will be paid from the State Treasury using designated accounts, including special source funds and bond interest earnings. The bill is effective July 1, 2025, and expires June 30, 2025 (though this date appears to be a typo in the bill text).
Bill status
died
4 of 5 stages cleared
Introduction
Feb 2025
Committee Review
Feb 2025
Senate Passage
Feb 2025
House Passage
Feb 2025
Governor
Introduced Feb 20, 2025
Last action Mar 29, 2025
Maddy AI version diff · 1 comparison
What changed between versions
As Introduced
→
Current version
·
1 edit
MINOR
The bill was amended to correct a critical error in the effective and repeal dates. The original version incorrectly set the repeal date to June 30, 2025, which would have caused the entire funding authorization to expire before it could take effect. The corrected version properly sets both the effective date and repeal date to July 1, 2025, and June 30, 2026 respectively, ensuring the funding remains available for the full fiscal year.
Scope change
The bill's scope remains the same regarding funding amounts and purposes, but the timeline for applicability was corrected to prevent premature expiration of the appropriation.
TIMELINE
The repeal date was changed from June 30, 2025 to June 30, 2026, and the effective date was changed from July 1, 2025 to July 1, 2026, ensuring the funding covers the full fiscal year 2026 instead of expiring before it begins.
Floor votes · Senate Feb 19, 2025 · House Feb 27, 2025
How they voted
50–0
Passed · 1 other
Total votes 51
Feb 19, 2025
D
Democratic16
100% Yea
R
Republican35
97% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
15
Key actions
5
Committee
4
Amendments
1
Feb 27, 2025
Lower · Passed
Passed As Amended
lower
Feb 27, 2025
Lower · Passed
Amended
lower
Feb 26, 2025
Lower · Passed
Title Suff Do Pass As Amended
lower
Feb 20, 2025
Committee
Referred To Appropriations D;Appropriations A
lower
Feb 20, 2025
Introduced
Transmitted To House
upper
Feb 19, 2025
Upper · Passed
Passed
upper
Feb 18, 2025
Upper · Passed
Title Suff Do Pass
upper
Feb 17, 2025
Committee
Referred To Appropriations
upper
1 primary · 4 co-sponsors
Sponsors
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