This bill appropriates funds for the payment of maturing bonds and interest related to the College Savings and Higher Education General Obligation Bonds, as well as the State Water, Waste Disposal, and Pollution Abatement General Obligation Bonds for the fiscal year ending June 30, 2026. Specifically, it allocates $10 million for refunds/reimbursements and $32 million for debt service from the College Savings Bond Fund, totaling $42 million. Additionally, it allocates $15 million for refunds/reimbursements and $28 million for debt service from the Water, Waste Disposal, and Pollution Abatement Facilities Bond Fund, totaling $43 million.

The bill includes a provision allowing the State Treasurer to transfer appropriations from the Refunds/Reimbursement line item to the Debt Service line item if necessary. It also establishes that the provisions will be effective from July 1, 2025, through June 30, 2026, and emphasizes compliance with various fiscal control laws. An emergency clause is included, stating that the act must take effect on July 1, 2025, to ensure the proper administration of essential governmental programs.