2003 Regular Session
By: Representative Capps
AN ACT TO DIRECT THE STATE TREASURER TO TRANSFER CERTAIN SPECIAL FUNDS INTO THE BUDGET CONTINGENCY FUND DURING FISCAL YEAR 2003; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. The State Treasurer shall transfer to the Budget Contingency Fund created in Section 27-103-301, out of the following enumerated special fund, the amount listed below for the special fund throughout the period beginning upon passage of this act and through June 30, 2003:
School Ad Valorem Tax
Reduction Fund $46,000,000.00
In addition to the amount transferred to the Budget Contingency Fund under the provisions of this act, the Budget Contingency Fund may receive any additional funds that may become available to the fund from any source during Fiscal Year 2003.
SECTION 2. This act shall take effect and be in force from and after its passage.