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MS SB2436
Bill
Status
2/24/2021
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 2022
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Transfer amount calculated based on fiscal year 1986 revenues from sales tax, oil tax, and fuel tax diversions, adjusted for inflation using CPI-U, minus current fiscal year revenues from similar diversions
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Establishes an initial transfer of $42,023,513 for fiscal year 2022
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Transferred funds must 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 date of July 1, 2021
Legislative Description
Appropriation; require annual transfer of general funds to Office of State Aid Roads.
Last Action
Died In Committee
2/24/2021