Bill Text | History of Actions | Background | Title |
Description: State budget; use previous fiscal year's revenues to prepare budget and make appropriations for next fiscal year.
Bill Text: [Introduced]
| 1 | 01/04 (H) Referred To Appropriations | |
| 2 | 01/30 (H) Died In Committee |
| Effective date | July 1, 2007 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committee:
Principal Author: Moore
Additional Author: Wells-Smith
Code Sections: A 027-0103-0125, A 027-0103-0127, A 027-0103-0139, A 027-0103-0211, A 027-0104-0013, A 027-0103-0203
Title: AN ACT TO AMEND SECTIONS 27-103-125, 27-103-127, 27-103-139, 27-103-211 AND 27-104-13, MISSISSIPPI CODE OF 1972, TO REQUIRE THE STATE, IN PREPARING THE PROPOSED STATE BUDGET, MAKING LEGISLATIVE APPROPRIATIONS TO STATE AGENCIES AND MAKING STATE AGENCY BUDGET REDUCTIONS, TO USE 98% OF THE AMOUNT OF GENERAL FUND REVENUES THAT THE STATE RECEIVED DURING THE PRECEDING FISCAL YEAR, PLUS ANY UNENCUMBERED BALANCES IN GENERAL FUNDS THAT WILL BE AVAILABLE AT THE END OF THE CURRENT FISCAL YEAR AND THE AMOUNT OF ANY GENERAL FUND REVENUES THAT MAY BE RAISED BY INCREASES IN TAXES OR FEES DURING THE NEXT FISCAL YEAR; TO REQUIRE THE STATE, IN PREPARING THE PROPOSED STATE BUDGET AND MAKING LEGISLATIVE APPROPRIATIONS TO STATE AGENCIES, TO USE THE AMOUNT OF SPECIAL FUND REVENUES THAT EACH AGENCY RECEIVED DURING THE PRECEDING FISCAL YEAR, PLUS ANY UNENCUMBERED BALANCES IN SPECIAL FUNDS THAT WILL BE AVAILABLE FOR THE AGENCY AT THE END OF THE CURRENT FISCAL YEAR AND THE AMOUNT OF ANY SPECIAL FUND REVENUES THAT MAY BE RAISED FOR THE AGENCY BY INCREASES IN TAXES OR FEES DURING THE NEXT FISCAL YEAR; TO CREATE A SPECIAL FUND IN THE STATE TREASURY TO BE KNOWN AS THE TAXPAYER REBATE FUND, WHICH SHALL BE USED TO REFUND SURPLUS STATE REVENUES TO THE TAXPAYERS OF THE STATE IN THE FORM OF REBATE PAYMENTS; TO AMEND SECTION 27-103-203, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT FIFTY PERCENT OF THE UNENCUMBERED GENERAL FUND CASH BALANCE AT THE CLOSE OF EACH FISCAL YEAR AFTER THE WORKING CASH-STABILIZATION RESERVE FUND REACHES A CERTAIN BALANCE SHALL BE TRANSFERRED INTO THE TAXPAYER REBATE FUND; AND FOR RELATED PURPOSES.
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2007/pdf/History/HB/HB0393.htm