***Adopted***

AMENDMENT No. 1 PROPOSED TO

                             House Bill NO. 1667

                             By Senator(s) Committee

     Amend by striking all after the enacting clause and inserting in lieu thereof the following:

 

     SECTION 1.  The State Treasurer shall transfer to the Budget Contingency Fund created in Section 27-103-301, Mississippi Code of 1972, out of the following enumerated funds, the amount listed below for each fund throughout the period beginning July 1, 2003, and ending June 30, 2004:

Agency/Fund                  Fund No.           Amount

Unclaimed Property Fund        3178        $10,000,000.00 

Tort Claims Fund               3080        $14,000,000.00

Department of Environmental

     Quality                                $ 6,000,000.00

Total:                                     $30,000,000.00

     Upon notification from the State Treasurer, the agency shall make such transfer from its special funds as required by the State Treasurer. 

     SECTION 2.  (1)  The State Treasurer shall transfer to the Budget Contingency Fund created in Section 27-103-301, Mississippi Code of 1972, out of the following enumerated funds, amounts listed below for each fund throughout the period beginning upon passage of this act and through June 30, 2003:

Agency/Fund                         Fund No.              Amount

State General Fund                               $  3,600,000.00

Working Cash-Stabilization

  Reserve Fund                                   $80,854,000.00

UM - State Court Education Program    3257       $    100,000.00

Department of Health                  3301       $  2,500,000.00

Employment Compensation Revolving

  Fund                                3644       $1,000,000.00

Unclaimed Property Fund               3178       $5,000,000.00

Gaming Commission                     3188       $   299,391.00

Department of Insurance          3501/3503       $   400,000.00

Camp Shelby Timber Fund               3700       $   100,000.00

Real Estate Appraisers Licensing

  and Certification Board             3836       $   100,000.00

Public Contractors Board              3834       $    300,000.00

DPS - Law Enforcement Officers'

  Standards and Training Board        3742       $2,100,000.00

DPS - Emergency Telecommunications

  Standards and Training Board        3744       $2,000,000.00

DPS - Crime Stoppers                  371D       $    200,000.00

DPS - County Jail Officers Board      3741       $    200,000.00

Board of Bar Admissions               3055       $    300,000.00

Board of Nursing                      3838       $    200,000.00

Motor Vehicle Commission              3839       $    100,000.00

Board of Registration of Foresters    3844       $    100,000.00

Board of Pharmacy                     3846       $    750,000.00

Criminal Justice Fund                 3086       $    350,000.00

MDA - CAP Loan Program                34KX       $  1,500,000.00

Total                                            $102,053,391.00

     (2)  From and after July 1, 2003, the State Treasurer shall transfer to the Budget Contingency Fund created in Section 27-103-301, Mississippi Code of 1972, out of the following enumerated funds, amounts listed below for each fund throughout the period beginning July 1, 2003, and through June 30, 2004:

Agency/Fund                         Fund No.              Amount

State General Fund                               $ 147,820,054.00

Department of Transportation          3941       $50,000,000.00

DPS - Emergency Telecommunications

Standards and Training Board         3744       $1,000,000.00

Workers' Compensation Commission      3521       $    100,000.00

Board of Bar Admissions               3055       $     50,000.00

Auctioneers Commission                3820       $    100,000.00

Board of Pharmacy                     3846       $    250,000.00

MDA - CAP Loan Program                34KX       $  2,000,000.00

Securities Act Enforcement Fund   3111/3114       $  2,600,000.00

School Ad Valorem Tax Reduction Fund             $46,000,000.00

Total                                            $249,920,054.00

     In addition to the amounts transferred to the Budget Contingency Fund under the provisions of this act, the Budget Contingency Fund is hereby authorized to receive any additional funds that may become available to the fund from any source during the period beginning upon passage of this act and through June 30, 2004.

     SECTION 3.  (1)  There is created in the State Treasury a special fund to be known as the Special Funds Transfer Fund, which shall be comprised of the monies required to be deposited into the fund under Section 27-65-75(18) for the repayment of certain funds transferred to the Budget Contingency Fund as required in Section 1 of this act.  Upon receipt of monies deposited into the fund under Section 27-65-75(18), the State Treasurer shall transfer those monies to the special funds from which transfers were made pursuant to Section 1 of this act. 

     (2)  Unexpended amounts remaining in the fund on September 30, 2005, shall lapse into the State General Fund, and any interest earned or investment earnings on amounts in the fund shall be deposited to the credit of the fund.

     SECTION 4.  This act shall take effect and be in force from and after its passage.

     Further, amend by striking the title in its entirety and inserting in lieu thereof the following:

 

     AN ACT TO DIRECT THE STATE TREASURER TO TRANSFER TO THE BUDGET CONTINGENCY FUND CERTAIN SPECIAL FUNDS; TO DIRECT THE TREASURER TO TRANSFER CERTAIN FUNDS TO THE BUDGET CONTINGENCY FUND; TO CREATE A SPECIAL FUND IN THE STATE TREASURY TO BE KNOWN AS THE SPECIAL FUNDS TRANSFER FUND, WHICH SHALL BE COMPRISED OF THE MONIES REQUIRED TO BE DEPOSITED INTO THE FUND UNDER SECTION 27-65-75(18), MISSISSIPPI CODE OF 1972; AND FOR RELATED PURPOSES.