MISSISSIPPI LEGISLATURE

2000 Regular Session

To: Appropriations

By: Senator(s) Gordon

AN ACT TO AMEND SECTION 7-7-40, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE STATE FISCAL OFFICER TO APPROVE ESCALATIONS IN AGENCY BUDGETS USING INSURANCE PROCEEDS RESULTING FROM DAMAGES TO STATE PROPERTY; AND FOR RELATED PURPOSES.

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

SECTION 1. Section 7-7-40, Mississippi Code of 1972, is amended as follows:

7-7-40. The State Fiscal Officer shall have the authority to approve escalations in a budget using special funds pursuant to specific authorization stated in an appropriation bill. Upon written documentation submitted by an agency head, the State Fiscal Officer shall also have the authority to approve escalations to a budget using donated or endowment funds designated for a specific purpose and using insurance proceeds as a result of damage to state property. Such escalations may not exceed the amount of such donated or endowment funds or insurance proceeds.

SECTION 2. This act shall take effect and be in force from and after July 1, 2000.