Bill
Bill > HB127
MS HB127
MS HB127Budget process; provide for certain transfers into CEF and delete transfer of EEF funds into rainy day fund.
summary
Introduced
01/24/2020
01/24/2020
In Committee
05/11/2020
05/11/2020
Crossed Over
03/04/2020
03/04/2020
Passed
07/02/2020
07/02/2020
Dead
Signed/Enacted/Adopted
07/08/2020
07/08/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act To Amend Section 37-61-33, Mississippi Code Of 1972, To Delete The Requirement To Deposit Into The Working Cash-stabilization Reserve Fund A Certain Sum From The Money Remaining In The Education Enhancement Fund After Funds Are Distributed For Educational Purposes; To Amend Section 41-113-11, Mississippi Code Of 1972, To Provide That Any Funds Appropriated From The Tobacco Control Program Fund That Are Unexpended At The End Of The Fiscal Year Shall Lapse Into The Health Care Expendable Fund; To Provide For Certain Transfers To The Capital Expense Fund During Fiscal Year 2020; And For Related Purposes.
AI Summary
This bill proposes several changes to the state's budget process. It deletes the requirement to deposit funds from the Education Enhancement Fund into the Working Cash-Stabilization Reserve Fund, and instead directs any unexpended funds from the Tobacco Control Program Fund to the Health Care Expendable Fund starting in fiscal year 2020. The bill also provides for a $55 million transfer from the Working Cash-Stabilization Reserve Fund to the Capital Expense Fund during fiscal year 2020.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Approved by Governor (on 07/08/2020)
Official Document
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