Bill > HB1765

This bill appropriates $84,692,446 from the State Treasury to the Veterans' Home Purchase Board's revolving fund for fiscal year 2026 (July 1, 2025, to June 30, 2026), specifically to cover the board's operational expenses and provide new home loans for veterans. The bill authorizes 19 permanent positions for the board and includes several detailed provisions about personnel and budget management, such as requiring the agency to ensure personnel expenses do not exceed the budgeted amount, prohibiting salary increases without proper justification, and mandating strict accounting and record-keeping. The legislation also includes a preference clause for purchasing from Mississippi Industries for the Blind when bids are comparable, authorizes the board to escalate and expend up to $10 million for home loans, and ensures compliance with state financial regulations. The bill specifies that funds will be disbursed by the State Treasurer through warrants issued by the State Fiscal Officer, with the appropriation taking effect on July 1, 2025.

Budget and Finance

https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB1765.xml