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MS HB1243
Bill
Status
2/4/2014
Primary Sponsor
Robert Johnson
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AI Summary
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Redirects state gaming revenues (except local government fees) from the State General Fund to the State Highway Fund through a four-year phase-in period beginning July 1, 2014.
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Fiscal Year 2015: 100% of gaming revenues deposited in State General Fund.
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Fiscal Year 2016: 2/3 to State General Fund, 1/3 to State Highway Fund.
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Fiscal Year 2017: 1/3 to State General Fund, 2/3 to State Highway Fund.
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Fiscal Year 2018 and thereafter: 100% of gaming revenues deposited in State Highway Fund.
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Eliminates the $3,000,000 annual diversion of gaming revenues to the Gaming Counties Bond Sinking Fund.
Legislative Description
Gaming revenues; revise distribution from General Fund to State Highway Fund over four-year period.
Last Action
Died In Committee
2/4/2014