Federal Interest Subsidy Payments.

Checkout our iOS App for a better way to browser and research.

§ 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.



Download our app to see the most-to-date content.