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MS SB2429
Bill
Status
2/1/2011
Primary Sponsor
Videt Carmichael
Click for details
AI Summary
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Amends Mississippi Code Section 37-63-9 to clarify that revenue generated from leasing FCC-awarded channels by a state agency constitutes public funds of that state agency.
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Revenue from channel leasing may only be expended for purposes outlined in Section 37-63-9 with express approval from the governing board or executive director of the state agency leasing the channels.
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Requires nonprofit educational organizations holding such funds to return any amounts not approved for expenditure or designated for contingent lease liabilities to the respective state agency upon request.
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Takes effect July 1, 2011.
Legislative Description
Revenue from leasing of channels awarded by the FCC; are public funds expendable by the state agency leasing the channels.
Last Action
Died In Committee
2/1/2011