MS HC78

Creates a new Section 69A in the Mississippi Constitution establishing a special fund in the State Treasury for maintenance and capital improvements of state-owned properties.

Deposits one percent (1%) of the unencumbered cash balance in the General Fund into the special fund at the close of each fiscal year, beginning July 1, 2015.

Restricts special fund expenditures to repair, renovation, and capital improvements of state-owned properties as designated annually by the Legislature in appropriations acts.

Provides that interest earned on the special fund remains in the fund and unexpended balances do not lapse into the General Fund at fiscal year-end.

Requires submission of the amendment to qualified electors in the November 2012 general election and to the U.S. Department of Justice under the Voting Rights Act of 1965.