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MS HB448

MS HB448
Mississippi Veterans Cemetery Perpetual Care Fund; create.


summary

Introduced
02/03/2020
In Committee
05/12/2020
Crossed Over
03/05/2020
Passed
Dead
06/09/2020

Introduced Session

2020 Regular Session

Bill Summary

An Act To Create In The State Treasury A Special Trust Fund Designated As The "mississippi Veterans Cemetery Perpetual Care Fund" To Be Used Upon Requisition To The State Treasurer By The Executive Director Of The Mississippi Veterans Affairs Board For The Administration And Maintenance Of The Mississippi Veterans Cemeteries; To Provide For Expenditures From The Fund; And For Related Purposes.

AI Summary

This bill creates the "Mississippi Veterans Cemetery Perpetual Care Fund" in the state treasury. The fund can be used for the administration, renovation, maintenance, and operation of Mississippi's veterans cemeteries. The principal of the fund shall remain intact, with any interest or investment earnings credited to the fund. Expenditures can be made from the interest or earnings upon requisition by the Executive Director of the Mississippi Veterans Affairs Board, and from the principal only after an emergency or special need is declared by the Governor and affirmed by the Board. The fund's principal will consist of an initial transfer of monies from the Mississippi Veterans Affairs Board and additional funds transferred from House Bill No. 1034 of the 2020 Regular Session.

Committee Categories

Military Affairs and Security

Sponsors (3)

Last Action

Died In Committee (on 06/09/2020)

bill text


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