Bill > SB2190

This bill increases the minimum balance requirement for the Working Cash-Stabilization Reserve Fund, a special fund in the State Treasury used for cash flow needs and to cover potential deficits in the General Fund. Specifically, it raises the target balance from 10% to 15% of the total General Fund appropriations for the current fiscal year. The bill also modifies how unencumbered General Fund balances are distributed at the end of each fiscal year, allowing up to 15% of the General Fund appropriations to be diverted to the Working Cash-Stabilization Reserve Fund to meet this new minimum balance, compared to the previous 10% limit. Outdated provisions related to the "Ayers Settlement Fund" are removed, and the bill clarifies that projected amounts needed for the Working Cash-Stabilization Reserve Fund should not be considered available revenue when setting the overall General Fund appropriation limit.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2190.xml