MS SB2645

Creates a special trust fund in the State Treasury designated the "Mississippi Veterans Home Perpetual Care Fund" for administration, renovation, maintenance, and operation of Mississippi Veterans Nursing Homes.

Principal of the fund remains permanently intact and does not lapse into the General Fund at fiscal year end; interest and investment earnings are credited to the fund.

Expenditures from interest and investment earnings may be made upon requisition by the Executive Director of the Mississippi Veterans Affairs Board for nursing home administration and maintenance.

Expenditures from the principal are only permitted after a declaration of emergency or special need by the Governor and affirmation by the Mississippi Veterans Affairs Board.

Fund principal shall be funded by appropriations, transfers from the Mississippi Department of Revenue from veteran-designated tags, and any overage from State Veterans Nursing Homes revenue; takes effect July 1, 2022.