Loading chat...
MS SB2651
Bill
Status
3/17/2021
Primary Sponsor
Angela Turner-Ford
Click for details
AI Summary
-
Amends Section 31-9-13 of Mississippi Code to clarify the Department of Finance and Administration's Office of Surplus Property's authority to operate the Federal Donation program.
-
Authorizes the department to assess fees or commissions on institutions, agencies, or individuals acquiring surplus property to establish and maintain a revolving fund for program operations.
-
Limits the revolving fund to a maximum of $1,000,000 above and beyond four months of operating expenses and caps annual expenditures at $250,000 per fiscal year.
-
Requires the department to follow procedures outlined by the United States General Services Administration in establishing the fund.
-
Takes effect July 1, 2021.
Legislative Description
Surplus property; clarify current policy to conform with federal regulations for the Department of Finance and Administration.
Last Action
Approved by Governor
3/17/2021