House Bill 1339

AN ACT MAKING AN APPROPRIATION TO THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING FOR THE PURPOSE OF PROVIDING ADDITIONAL FUNDING FOR THE WILLIAM F. WINTER AND JACK REED, SR., TEACHER LOAN REPAYMENT PROGRAM FOR FISCAL YEAR 2023.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

SECTION 1. The following sum, or so much thereof as may be necessary, is hereby appropriated out of any money in the State General Fund not otherwise appropriated, to the Board of Trustees of State Institutions of Higher Learning for the purpose of granting loan repayment awards under the William F. Winter and Jack Reed, Sr., Teacher Loan Repayment Program established under Section 37-106-36, Mississippi Code of 1972, for the fiscal year beginning July 1, 2022, and ending June 30, 2023....$4,000,000.00.

SECTION 2. The money appropriated by this act shall be in addition to the funds provided to the Board of Trustees of State Institutions of Higher Learning in the annual appropriation to the board for the support and maintenance of financial aid scholarship, loan and grant programs and the Mississippi Office of Student Financial Aid for fiscal year 2023, for the purpose of increasing the loan repayment awards described in Section 1 above the level provided during fiscal year 2022.

SECTION 3. The money appropriated by this act shall be paid by the State Treasurer out of any money in the State General Fund not otherwise appropriated, upon warrants issued by the State Fiscal Officer; and the State Fiscal Officer shall issue his warrants upon requisitions signed by the proper person, officer or officers in the manner provided by law.

SECTION 4. This act shall take effect and be in force from and after July 1, 2022.