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MS SB2454
Bill
AI Summary
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Directs State Fiscal Officer to transfer $602,000,000 from Capital Expense Fund upon enactment to various funds including $450,000,000 to 2022 Capacity Project Fund, $100,000,000 to 2022 Emergency Road and Bridge Fund, and $40,000,000 to 2022 Infrastructure Match Fund.
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Authorizes transfers from General Fund totaling $27,500,000 during fiscal year 2024: $15,000,000 to Mississippi Outdoor Stewardship Trust Fund and $2,500,000 to Human Trafficking Fund; and $10,000,000 to Disaster Trust Fund upon enactment.
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Transfers $30,000,000 from Capital Expense Fund to Strategic Multi-Modal Investments Fund and $300,000 to Derelict Vessel Fund during fiscal year 2024.
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Amends statutes governing 2022 Maintenance Project Fund and 2022 Capacity Project Fund to clarify that funds support projects included in the Department of Transportation's Three-Year Plans adopted, amended, or reissued by the Mississippi Transportation Commission.
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Modifies Forestry Facility Grant Program funding mechanism to allow up to $10,000,000 in grants for forestry facility infrastructure projects and reduces ARPA funds appropriated to Department of Finance and Administration from $40,000,000 to $35,000,000 for fiscal year 2023.
Legislative Description
Budget; revise provisions related to and provide for transfers.
Last Action
Approved by Governor
4/21/2023