History of Actions | Background | Title |
Description: Fire Fighters Burn Center Memorial Endowment Fund; create and transfer general funds for 20 years.
1 | 01/06/98 | (H) | Referred To Appropriations | |
2 | 02/03/98 | (H) | Died In Committee |
Effective date | July 1, 1998 | |
Disposition | Dead | |
Deadline | General Bill/Constitutional Amendment | |
Revenue | No | |
3/5ths vote required | No |
House Committee:
Principal Author: Thornton
Code Section: A 007-0009-0070
Title: AN ACT TO CREATE A SPECIAL FUND IN THE STATE TREASURY TO BE KNOWN AS THE MISSISSIPPI FIRE FIGHTERS MEMORIAL BURN CENTER ENDOWMENT FUND; TO PROVIDE FOR THE TRANSFER OF ONE MILLION DOLLARS FROM THE STATE GENERAL FUND TO THE ENDOWMENT FUND DURING EACH OF THE NEXT 20 FISCAL YEARS; TO PROVIDE THAT THE STATE TREASURER SHALL INVEST THE MONIES IN THE ENDOWMENT FUND; TO PROVIDE THAT AFTER 20 YEARS, THE SUM OF THE AMOUNTS TRANSFERRED FROM THE GENERAL FUND TO THE ENDOWMENT FUND SHALL BE RETURNED TO THE GENERAL FUND, AND THE REMAINDER OF THE MONIES IN THE ENDOWMENT FUND SHALL BE TRANSFERRED TO THE MISSISSIPPI FIRE FIGHTERS MEMORIAL BURN CENTER FUND TO BE PART OF THE PRINCIPAL OF THAT TRUST FUND; TO AMEND SECTION 7-9-70, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.
End Of Document
1998/History/HB\HB0616.htm