MS SB2772

State Fiscal Officer shall transfer $7,599,822.00 from the Budget Contingency Fund to the Capital Expense Fund upon enactment.

State Fiscal Officer shall transfer $1,150,000,000.00 from the DFA CARES ACT COVID-19 Fund to the Budget Contingency Fund upon enactment.

Department of Finance and Administration is prohibited from escalating budgets for fiscal year 2021 using CARES Act funds unless specifically authorized in an appropriation bill.

Department of Finance and Administration is authorized to receive, budget, and escalate up to $100,000,000.00 in federal CARES Act funds during fiscal year 2020 for state agency expenses.