The certification must also include provisions requiring a refund to the
State agency, or to the service provider if so directed by the State agency,
of any surplus amount received by the bond trustee from the State agency.
(b) Beginning with the next contract payment date occurring at least 15 days
after a certification that complies with subsection (a) has been received by a
State agency, the State agency shall direct the payment of any money that is
due and payable to
the service provider under the contract for principal and interest, up to
the amount specified in the
certification, directly to the bond trustee to replenish the reserve
fund. The State agency shall authorize payment, and the State Comptroller
make the payment to the bond trustee, or if necessary to the provider in care
of the trustee.
Any amount due the service provider in excess of the amount certified shall be
payable directly to the service provider. This Act does not require the State
to alter its payment schedule.
(Source: P.A. 88-117.)