HB 878 Summary

• Directs State Fiscal Officer to transfer $50,000,000 to Capital Expense Fund in FY 2016 and $28,895,576 in FY 2017 from various state agency funds.

• Allows General Fund appropriations to reach 100% of estimated revenues for FY 2016 and 2017 only (normally limited to 98%), suspending standard budget restrictions for these two years.

• Modifies FY 2016 General Fund ending cash balance distribution to allocate funds first to Municipal Revolving Fund ($750,000) then remainder to Capital Expense Fund, bypassing normal Working Cash-Stabilization Reserve Fund deposits.

• Delays Local System Bridge Replacement and Rehabilitation Program appropriation requirement through calendar year 2016 and extends Health Care Trust Fund repealer date from July 1, 2016 to July 1, 2017.

• Adjusts appropriations for Mississippi Valley State University dormitory repairs, Joint Legislative Budget Committee expenses, and Department of Public Safety operations, including reallocations for vehicle purchases, contractual services, and subsidies across multiple divisions.