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MS SB2578
Bill
Status
Enrolled
3/12/2026
Primary Sponsor
Sarita Simmons
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AI Summary
- Creates the Small Municipalities Federal Match Fund in the State Treasury to help Mississippi municipalities with populations under 10,000 access discretionary federal funds
- Establishes a matching rate of 20% state/local funds to 80% federal funds, allowing any combination of state or local contributions to meet the match requirement
- Caps disbursements at $200,000 per municipality per fiscal year
- Allows up to 1.25% of appropriated funds to reimburse the Department of Finance and Administration for oversight costs
- Requires annual reporting by January 5 to legislative leaders and the Governor detailing disbursements and administrative expenses
- Takes effect July 1, 2026
Legislative Description
Small Municipalities Federal Match Fund; create.
Last Action
Enrolled Bill Signed
3/13/2026
Committee Referrals
Municipalities2/16/2026
Municipalities1/19/2026
Full Bill Text
No bill text available