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Bill > HB1649


MS HB1649

MS HB1649
State funds; make certain transfers of to the Capital Expense Fund.


summary

Introduced
01/19/2026
In Committee
02/20/2026
Crossed Over
02/10/2026
Passed
Dead

Introduced Session

Potential new amendment
2026 Regular Session

Bill Summary

An Act To Direct The State Treasurer To Make Certain Transfers To The Capital Expense Fund During Fiscal Year 2027; To Direct The State Fiscal Officer To Transfer $9,821,328.00 From The Capital Expense Fund To The Mississippi Main Street Revitalization Grant Fund Upon The Effective Date Of This Act; And For Related Purposes.

AI Summary

This bill directs the State Treasurer to transfer a total of $2.00 to the Capital Expense Fund during fiscal year 2027, with $1.00 coming from the General Fund and $1.00 from the Abandoned Property fund, which is managed by the Treasurer's Office. The Capital Expense Fund is a state fund used for capital projects. Additionally, upon the bill's effective date, the State Fiscal Officer, who manages state finances, is instructed to move $9,821,328.00 from the Capital Expense Fund to the Mississippi Main Street Revitalization Grant Fund, which provides grants for downtown revitalization projects.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Senate Committee Amendment No 1 - Committee Amendment No 1 (on 03/04/2026)

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