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MS SB2146

Bill

Status

Failed

4/3/2025

Primary Sponsor

Briggs Hopson

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • 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.

  • 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.

  • 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.

  • 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).

  • 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

Committee Referrals

Appropriations A2/10/2025
Appropriations1/17/2025

Full Bill Text

No bill text available