MISSISSIPPI LEGISLATURE
2026 Regular Session
To: Appropriations
By: Senator(s) Michel, Kirby, Harkins, Rhodes, Chassaniol, Carter, Whaley, England, McCaughn, Thomas, Blackmon, Hopson, Younger, Mumford, Sparks, Wiggins, Boyd, Blackwell, DeBar, Thompson, McLendon, Fillingane
AN ACT TO DIRECT THE STATE FISCAL OFFICER TO TRANSFER $265,000,000.00 FROM THE CAPITAL EXPENSE FUND TO THE CAPACITY PROJECT FUND UPON THE EFFECTIVE DATE OF THIS ACT; TO AMEND SECTION 65-1-141.2, MISSISSIPPI CODE OF 1972, TO MAKE A MINOR, NONSUBSTANTIVE REVISION; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Upon the effective date of this act, the State Fiscal Officer shall transfer the sum of Two Hundred Sixty-five Million Dollars ($265,000,000.00) from the Capital Expense Fund (Fund No. 6499C00000) to the Capacity Project Fund (Fund No. 6619420000), created in Section 65–1–141.2.
SECTION 2. Section 65-1-141.2, Mississippi Code of 1972, is amended as follows:
65-1-141.2. There is
created in the State Treasury a special fund to be designated as the " * * * Capacity Project Fund," which shall
consist of funds made available by the Legislature in any manner and funds from
any other source designated for deposit into such fund. The fund shall be maintained
by the State Treasurer as a separate and special fund, separate and apart from
the General Fund of the state. Unexpended amounts remaining in the fund at the
end of a fiscal year shall not lapse into the State General Fund, and any
investment earnings or interest earned on amounts in the fund shall be
deposited to the credit of the fund. Monies in the fund shall be used by the
Department of Transportation, upon appropriation by the Legislature, to provide
for capacity projects included in the Capacity Program of the Three-Year Plan
as adopted by, amended by, or reissued by the Mississippi Transportation
Commission under the authority of Section 65-1-141.
SECTION 3. This act shall take effect and be in force from and after July 1, 2026.