Bill > SB3099

This bill appropriates funds for the operation of the State Treasurer's Office for the fiscal year beginning July 1, 2026, and ending June 30, 2027, allocating a total of $7,222,072.00 from special funds. A significant portion, $3,719,488.00, is designated for "Personal Services," which includes salaries, wages, and fringe benefits for 37 permanent employees, with $202,490.00 specifically set aside as "Vacancy Funding" to fill previously unfilled positions. Additionally, the bill appropriates $150,000.00 from the Education Improvement Trust Fund for investment purposes and $35,000,000.00 from the Mississippi Prepaid Affordable College Tuition Trust Fund to cover prepaid tuition contracts, with the Treasurer authorized to expend up to $1,000,000.00 from program funds for this purpose. The bill also outlines specific program budget allocations within the State Treasurer's Office, including $1,854,655.00 for the Mississippi Prepaid Affordable College Tuition program, $177,860.00 for the Mississippi Affordable College Savings program, and $5,189,557.00 for general Treasury Office support. Furthermore, it prohibits the use of appropriated funds for attorney's fees or to pay relatives of the employing official, and mandates that the Treasurer's office maintain detailed accounting and personnel records comparable to the previous fiscal year. The bill also establishes a preference for purchases from the Mississippi Industries for the Blind and specifies that it takes effect on July 1, 2026.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB3099.xml