MS SB2563

Increases the limit on diversion of unencumbered general fund balance to the Working Cash-Stabilization Reserve Fund from 10% to 15% of general fund appropriations for the fiscal year.

Requires the Executive Director of the Department of Finance and Administration and State Treasurer to determine the unencumbered cash balance in the General Fund at the close of each fiscal year.

Maintains the distribution priority order: first $750,000 to Municipal Revolving Fund, then 50% of remaining balance (capped at the new 15% limit) to Working Cash-Stabilization Reserve Fund, and remainder to Capital Expense Fund.

Effective July 1, 2025.