House Bill 1415 Summary

• Removes the Mississippi Public Service Commission from the requirement to be funded by appropriations from the State General Fund under Section 27-104-205.

• Restores the Public Service Commission Regulation Fund as the sole funding mechanism for the commission, allowing it to be funded through user fees, assessments, and collected revenues rather than general appropriations.

• Deletes provisions across multiple code sections (77-1-6, 77-1-15, 77-1-29, 77-1-53, 77-3-8, 77-3-87, 77-3-89, 77-3-503, 77-3-507, 77-3-509, 77-7-127, 77-7-333, 77-7-337, 77-7-339, 77-9-489, and 77-11-201) that required PSC expenses to be defrayed from the State General Fund.

• Modifies Section 77-3-87 to direct utility tax revenues back to the Public Service Commission Regulation Fund and Public Utilities Staff Regulation Fund instead of the General Fund.

• Takes effect upon passage of the bill.