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Bill > SB2729


MS SB2729

MS SB2729
"Mississippi Public Health Trust Fund"; establish to support public health programs funded from medical cannabis taxes.


summary

Introduced
01/20/2025
In Committee
02/17/2025
Crossed Over
02/13/2025
Passed
03/25/2025
Dead
Signed/Enacted/Adopted
03/28/2025

Introduced Session

Potential new amendment
2025 Regular Session

Bill Summary

An Act To Create The "mississippi Public Health Trust Fund" To Provide Financial Support For Public Health Programs And Services Defined In The Public Health Statutes; To Provide That The Public Health Trust Fund Shall Consist Of Any Monies Appropriated To The Fund By The Legislature; And For Related Purposes.

AI Summary

This bill establishes the Mississippi Public Health Trust Fund as a special fund in the State Treasury, designed to support public health programs and services. The fund will be composed of legislative appropriations, donations, gifts, grants, and other potential funding sources. Specifically, the Mississippi State Department of Health, with oversight from the Mississippi State Board of Health, can disburse between 3% and 7% of the fund's total assets annually to support public health initiatives as defined in Section 41-3-15. Any interest earned on the fund's investments will be reinvested back into the fund itself. The primary goal of this trust fund is to provide financial assistance for public health programs, potentially including those related to medical cannabis taxes, though the exact allocation is not detailed in the bill. The bill is set to take effect on July 1, 2025, allowing time for implementation and preparation of the fund's administrative processes.

Committee Categories

Health and Social Services

Sponsors (1)

Last Action

Approved by Governor (on 03/28/2025)

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