Loading chat...
MS SB2669
Bill
Status
3/21/2019
Primary Sponsor
Joey Fillingane
Click for details
AI Summary
-
Extends the repeal date for the Mississippi Development Authority's authority to use interest earnings from the Local Governments Capital Improvements Revolving Loan Fund for general agency support from July 1, 2019 to July 1, 2021.
-
Allows the MDA to use interest earned on taxable bond-funded loans (after January 1, 2002) for ordinary and necessary general support expenses, but prohibits using these funds for employee salary increases.
-
MDA budget escalation using these funds must comply with Department of Finance and Administration rules and be consistent with federal fund escalation practices.
-
Effective July 1, 2019.
Legislative Description
Local Governments Capital Improvements Revolving Loan Fund; extend repeal date on MDA's authority to use for certain expenses.
Last Action
Vetoed
3/21/2019