MS HC4

Proposes amendment to Mississippi Constitution to create a special fund for maintenance and capital improvement of state-owned properties.

Requires State Treasurer to deposit 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, 2016.

Restricts special fund monies exclusively to repair, renovation, and capital improvements of state-owned properties, with specific projects designated annually by the Legislature through appropriation acts.

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

Submits the proposed amendment to qualified electors for a vote on the first Tuesday after the first Monday of November 2013.