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MS SB2146
Bill
AI Summary
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Brings forward six Mississippi Code sections (27-103-125, 27-103-139, 27-103-203, 27-103-211, 27-103-213, and 27-103-303) relating to the state budget process for possible amendment.
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Requires total proposed expenditures from the State General Fund to not exceed 98% of the general fund revenue estimate in both the Governor's balanced budget and legislative appropriations.
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Establishes the Working Cash-Stabilization Reserve Fund for cash flow needs, revenue shortfalls (up to $50 million per fiscal year), and disaster assistance, with a required balance of 10% of total General Fund appropriations.
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Directs distribution of year-end unencumbered General Fund cash balances to the Municipal Revolving Fund ($750,000), Working Cash-Stabilization Reserve Fund (up to 10% of appropriations), and Capital Expense Fund (remaining balance).
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Directs the State Treasurer to transfer $1.00 from the Capital Expense Fund and $1.00 from the Budget Contingency Fund to the General Fund during fiscal year 2026.
Legislative Description
State budget; bring forward code sections related to and provide for transfers.
Last Action
Died In Conference
4/3/2025