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MS HB1066
Bill
Status
2/3/2015
Primary Sponsor
Larry Byrd
Click for details
AI Summary
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Amends Section 65-37-13 of Mississippi Code to increase mandatory appropriations to the Local System Bridge Replacement and Rehabilitation Fund beginning in calendar year 2015.
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Starting with the 2015 regular legislative session and each session thereafter, the Legislature shall appropriate $60,000,000 from the State General Fund annually if General Fund revenue growth is 2% or more for the succeeding fiscal year.
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Changes the appropriation amount from the previous $20,000,000 requirement (for years 2001-2014) to the new $60,000,000 amount, a $40,000,000 increase.
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Fund monies may only be used for bridge replacement and rehabilitation projects on local road systems, allocated to counties according to formulas in Section 65-37-3, with unexpended balances carried forward to the next fiscal year.
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Takes effect upon passage.
Legislative Description
Local System Bridge Replacement and Rehabilitation Fund; increase amount Legislature shall appropriate for deposit to.
Last Action
Died In Committee
2/3/2015