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MS HB1646

Bill

Official Source

Status

Engrossed

2/12/2026

Primary Sponsor

Clay Deweese

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Increases the maximum transfer limit from the Working Cash-Stabilization Reserve Fund to the Disaster Assistance Trust Fund from $1,000,000 to $2,500,000 per disaster occurrence and from $2,000,000 to $5,000,000 per fiscal year
  • Raises secondary transfer limits from $500,000 per disaster to $2,500,000, and from $1,000,000 per fiscal year to $5,000,000
  • Replaces outdated references to the "Budget Contingency Fund" with "any other special-source funds maintained in the State Treasury" as an additional funding source
  • Removes an obsolete provision referencing tornado damage from November 10, 2002 (Chapter 3, Third Extraordinary Session 2002)
  • Effective date of July 1, 2026, with a repeal date of June 30, 2026 (appears to be a drafting error creating a self-repealing provision)

Legislative Description

Disaster Trust Fund; increase transfer limits and update to current budget standards.

Last Action

Returned For Concurrence

3/12/2026

Committee Referrals

Appropriations2/20/2026
State Affairs1/19/2026

Full Bill Text

No bill text available