Bill > HB1920

This bill appropriates $1,950,524.00 from the Real Estate License Fund, a special fund in the State Treasury, to the Mississippi Real Estate Commission to cover its expenses for the fiscal year beginning July 1, 2026, and ending June 30, 2027. Of this total, $1,229,744.00 is specifically allocated for "Personal Services," which includes salaries, wages, and fringe benefits for the commission's 16 permanent employees, and this amount cannot be transferred to other expenditure categories. The bill also outlines strict guidelines for managing these personal services funds, emphasizing compliance with the Variable Compensation Plan and requiring the State Personnel Board to monitor expenditures to prevent exceeding the appropriated amount, with limited exceptions for essential new hires. Furthermore, the commission is directed to maintain detailed accounting and personnel records comparable to the previous fiscal year and to submit its next budget request in a similar format, and it must give preference to the Mississippi Industries for the Blind when purchasing commodities or equipment. The bill also reiterates that no agency should incur obligations beyond its appropriation, holding responsible officers accountable.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1920.xml