MS SB2842

Prohibits special infrastructure funds from being used for employee salaries and benefits, administrative costs, personal property or equipment (except equipment permanently installed in roads/bridges), or construction/maintenance of public buildings unrelated to road and bridge systems.

Changes the "base expenditures" calculation period for municipalities from a five-year period (2013-2018) to a two-year period (2020-2022), which determines eligibility for receiving full allocated funds.

Adjusts base expenditures annually starting July 1, 2023, by increasing or decreasing the amount by whichever is lesser: 0.5% or the previous calendar year's U.S. inflation rate.

Requires inflation rate certification to be provided to municipalities within 30 days of calculation by the relevant state department.

Effective July 1, 2023.