MS HB1648

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, including provisions requiring total General Fund appropriations not exceed 98% of revenue estimates

Brings forward two sections (57-119-9 and 57-119-13) governing the Gulf Coast Restoration Fund for possible amendment, which provides economic development assistance to local governments, nonprofits, schools, and private entities in the Gulf Coast region

Maintains the Working Cash-Stabilization Reserve Fund at 10% of General Fund appropriations for cash flow needs and revenue shortfall coverage, with a $50 million annual limit on deficit transfers

Directs the State Fiscal Officer to transfer $2.00 total to the Capital Expense Fund during fiscal year 2027: $1.00 from the General Fund and $1.00 from the Treasurer's Office Abandoned Property Fund

Takes effect July 1, 2026