Senate Bill 2773 Summary

• Transfers $25,330,325 to the Capital Expense Fund during Fiscal Year 2018 from the Unclaimed Property Fund ($17,911,475), Department of Revenue ($7,400,000), and Hurricane Disaster Reserve Fund ($18,850).

• Transfers $1,500,000 in Budget Contingency Funds to the Mississippi Development Authority for the National Diabetes and Obesity Research Center contracting with Cleveland Clinic, and $3,676,566 in Capital Expense Funds to the Department of Corrections for medical and private prisons during Fiscal Year 2019.

• Allocates $2,700,000 in Capital Expense Funds to Greenville Airport and $750,000 to the Air Service Development Act, and $1,800,000 to the Department of Revenue during Fiscal Year 2019.

• Increases School Recognition Program funding by $65,907 and increases permanent time-limited positions for Vocational Technical Education from 121 to 151 positions in the State Department of Education.

• Repeals Section 22 of Chapter 99, Laws of 2017 regarding Home and Community-Based Waiver slot funding and removes the prohibition on Department of Corrections salary transfers.