Bill
Bill > SB2840
summary
Introduced
01/20/2025
01/20/2025
In Committee
02/14/2025
02/14/2025
Crossed Over
02/05/2025
02/05/2025
Passed
04/07/2025
04/07/2025
Dead
Vetoed
04/24/2025
04/24/2025
Introduced Session
Potential new amendment
2025 Regular Session
Bill Summary
An Act To Amend Section 37-113-55, Mississippi Code Of 1972, To Provide That Monies In The Mississippi State University Veterinary School Fund Shall Be Disbursed By The Board Of Trustees Of State Institutions Of Higher Learning Instead Of The Department Of Finance And Administration; To Amend Section 43 Of Chapter 95, Laws Of 2024, To Revise The Fiscal Year 2025 Appropriation To The State Department Of Education To Provide That A Certain Sum May Be Used For The Continuation Of The Current School Safety Platform; To Amend Section 1 Of Chapter 534, Laws Of 2024, To Correct The Reference To The Fund Number For The 2022 Emergency Road And Bridge Fund; To Amend Section 29-9-9, Mississippi Code Of 1972, To Provide That Purchases Of Obsolete Personal Property Sold By The Legislature Are Not Violations Of The Ethics Laws; To Direct The Transfer Of Certain Funds From The Capital Expense Fund To The Secretary Of State Land Improvement Fund; To Direct The State Treasurer On Behalf Of The University Of Mississippi Medical Center To Transfer Certain Funds To The State Department Of Health Fiscal Year 2026; To Direct The State Treasurer To Transfer Certain Funds From The Capital Expense Fund To The Mississippi Semiquincentennial Celebration Fund; To Create The "mississippi Veteran's Home Improvement Fund" Within The State Treasury; To Direct The State Treasurer To Transfer Certain Funds To The "mississippi Veteran's Home Improvement Fund"; To Create The "united States Fire Insurance Company Settlement Fund" Within The State Treasury; To Direct The State Treasurer To Transfer Funds From The Attorney General Contingent Fund To The "united States Fire Insurance Company Settlement Fund"; To Direct The Transfer Of Funds From The Capital Expense Fund Dfa To The 2022 Ihl Capital Improvements Fund; To Direct The State Treasurer To Transfer A Certain Sum From The March 2023 Storm Housing Mission Fund To The Hazard Mitigation Administration And Management Fund; To Direct The State Treasurer To Transfer The Remaining Balance Of The March 2023 Storm Housing Mission Fund To The Disaster Assistance Trust Fund; To Direct The State Treasurer To Transfer A Certain Sum From The Capital Expense Fund To The Disaster Assistance Trust Fund; To Repeal Section 33-15-55, Mississippi Code Of 1972, Which Is The Provision Of Law Creating The March 2023 Storm Housing Mission Fund; To Create The "dbcf Civil Money Penalty Fund"; To Direct The State Treasurer To Transfer A Certain Sum From The Consumer Finance Fund To The "dbcf Civil Money Penalty Fund"; To Direct The State Treasurer To Transfer A Certain Sum To The Ng911 Cmrs Grant Fund; To Direct The State Treasurer To Transfer A Certain Sum To The State Ng911 Fund; And For Related Purposes.
AI Summary
This bill addresses multiple financial and administrative matters for the state of Mississippi, involving fund transfers, creation of new special funds, and amendments to existing laws. The bill makes changes such as transferring the management of the Mississippi State University Veterinary School Fund from the Department of Finance and Administration to the Board of Trustees of State Institutions of Higher Learning, adjusting an appropriation for school safety platforms, correcting a fund number reference for an emergency road and bridge fund, and creating several new special funds. These include the Mississippi Veteran's Home Improvement Fund for constructing a new veteran's home in Rankin County, the United States Fire Insurance Company Settlement Fund related to a legal settlement, and the DBCF Civil Money Penalty Fund for the Department of Banking and Consumer Finance. The bill also directs multiple fund transfers between various state accounts, such as moving money from the Capital Expense Fund to funds supporting infrastructure improvements, disaster assistance, and other specific state initiatives. Additionally, the bill includes a provision allowing the Legislature to sell obsolete property without violating ethics laws and makes technical corrections to various funding allocations. The bill's sections will take effect at different times, with most provisions becoming active upon passage and some specific sections taking effect on July 1, 2025.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Vetoed (on 04/24/2025)
Official Document
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