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MS HB127
Bill
Status
7/8/2020
Primary Sponsor
John Read
Click for details
AI Summary
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Deletes the requirement to deposit $25,000,000 from the Education Enhancement Fund into the Working Cash-Stabilization Reserve Fund.
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Directs any unexpended Tobacco Control Program Fund appropriations to lapse into the Health Care Expendable Fund beginning in fiscal year 2020 instead of lapsing back into the Tobacco Control Program Fund.
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Requires the State Fiscal Officer to transfer $55,000,000 from the Working Cash-Stabilization Reserve Fund to the Capital Expense Fund during fiscal year 2020.
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Maintains that remaining Education Enhancement Fund revenues after distributions shall be appropriated for other educational needs.
Legislative Description
Budget process; provide for certain transfers into CEF and delete transfer of EEF funds into rainy day fund.
Last Action
Approved by Governor
7/8/2020