MS HB1116

Removes the Mississippi Public Service Commission from the list of state agencies required to be funded by appropriations from the General Fund, effective upon passage.

Eliminates provisions requiring PSC expenses to be defrayed by General Fund appropriations across multiple statutes (Sections 77-1-6, 77-1-15, 77-1-29, 77-1-53, 77-3-8, 77-3-87, 77-3-89, 77-3-503, 77-3-507, 77-3-509, and 77-11-201).

Maintains the Public Service Commission Regulation Fund as the sole fund for PSC monies, with fees and assessments collected by the commission deposited into this special fund rather than the General Fund.

Preserves the utility tax system that funds PSC operations through assessments on regulated utilities based on gross revenues, with funds allocated to both the Public Utilities Staff Regulation Fund and Public Service Commission Regulation Fund.