0699-9100 - Short Term Debt Service and Costs of Issuance

Account Description FY 2019
FY 2020
House 1
0699-9100 Short Term Debt Service and Costs of Issuance
For the payment of interest and issuance costs on bonds, and bond and revenue anticipation notes, commercial paper and other notes under sections 47 and 49B of chapter 29 of the General Laws and for the payment to the United States under section 148 of the Internal Revenue Code of 1986 of any rebate amount or yield reduction payment owed with respect to any outstanding bonds or notes of the commonwealth; provided, that the treasurer shall certify to the comptroller a schedule of the distribution of costs among the various funds of the commonwealth; provided further, that not more than $400,000 shall be expended from this item for the costs of personnel at the debt department of the office of the state treasurer; provided further, that the comptroller shall charge costs to the funds in accordance with the schedule; and provided further, that any deficit in this item at the close of the fiscal year ending June 30, 2020 shall be charged to the various funds or to the General Fund or Commonwealth Transportation Fund debt service reserves
21,181,485 28,681,484

Increased funding to meet projected need.


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