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MS SB2776
Bill
Status
6/3/2020
Primary Sponsor
Angela Turner-Ford
Click for details
AI Summary
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Requires the State Fiscal Officer to annually transfer State General Funds to the Office of State Aid Road Construction Fund beginning in fiscal year 2021.
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Calculates transfer amounts based on 1986 revenue from sales tax, oil tax, and fuel tax diversions adjusted for inflation using the Consumer Price Index for All Urban Consumers, minus current fiscal year revenues from similar diversions.
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Transfers $42,023,513.00 to the Office of State Aid Road Construction for fiscal year 2021.
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Transferred funds shall be appropriated by the Legislature and expended by the Office of State Aid Road Construction as special funds under Section 65-18-7.
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Effective July 1, 2020.
Legislative Description
Appropriation; require annual transfer of general funds to Office of State Aid Roads.
Last Action
Died In Committee
6/3/2020