MS SB2917

Appropriates $4,989,939.00 to the State Treasurer's Office for fiscal year 2017 (July 1, 2016 - June 30, 2017) from special funds collected or available to the office.

Authorizes 42 permanent full-time positions for the State Treasurer's Office with restrictions on salary increases that cannot exceed the projected annual cost unless new programs or positions are added by the Legislature.

Appropriates $35,000,000.00 from the Mississippi Prepaid Affordable College Tuition Trust Fund to pay amounts due for prepaid tuition contracts, with authority to use up to $1,000,000.00 from program funds.

Appropriates $150,000.00 from the Education Improvement Trust Fund No. 3219 for investment purposes.

Allocates the $4,989,939.00 appropriation across three program budgets: Mississippi Prepaid Affordable College Tuition program ($1,771,221.00), Mississippi Affordable College Savings program ($153,245.00), and Treasury Office Support programs ($3,065,473.00).