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MS SB2579

MS SB2579
Small Municipalities Federal Match Fund; appropriation to DFA.


summary

Introduced
01/19/2026
In Committee
01/19/2026
Crossed Over
Passed
Dead
02/25/2026

Introduced Session

2026 Regular Session

Bill Summary

An Act Making An Appropriation From The Small Municipalities Federal Match Fund To The Department Of Finance And Administration For The Purpose Of Disbursing Funds To Small Municipalities Which Receive Discretionary Federal Funds, For The Period Beginning On July 1, 2026, And Ending June 30, 2027; To Provide The Intent Of The Legislature To Use The Funds Appropriated In The Act As Matching Funds To Draw Down Federal Funds For Certain Municipalities; To Require The Department To Set A Match Rate Of Twenty Percent (20%) Local Funds Contributed By The Small Municipality To Eighty Percent (80%) Federal Funds Received.

AI Summary

This bill appropriates $5,000,000 from the Small Municipalities Federal Match Fund to the Department of Finance and Administration (DFA) for the fiscal year beginning July 1, 2026, and ending June 30, 2027, to help small municipalities that receive discretionary federal funds. The Legislature intends for these funds to be used as matching funds to secure federal grants for these municipalities. Specifically, the DFA is required to establish a matching rate where small municipalities must contribute twenty percent (20%) of the total project cost with their own local funds, and the remaining eighty percent (80%) will be covered by federal funds drawn down using the state appropriation.

Committee Categories

Budget and Finance

Sponsors (9)

Last Action

Died In Committee (on 02/25/2026)

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