Senate Bill 3073

(As Sent to Governor)

AN ACT MAKING AN ADDITIONAL APPROPRIATION OF SPECIAL FUNDS TO THE OFFICE OF THE STATE TREASURER FOR THE PURPOSE OF PAYING TUITION BENEFITS DUE UNDER THE MISSISSIPPI PREPAID AFFORDABLE COLLEGE TUITION (MPACT)PROGRAM FOR FISCAL YEAR 2002.

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

SECTION 1. In addition to all other sums heretofore appropriated, the following sum, or so much thereof as may be necessary, is hereby appropriated out of any money in the State Treasury to the credit of the Mississippi Prepaid Affordable College Tuition Trust Fund to the Office of the State Treasurer for the purpose of paying all amounts due for prepaid tuition contracts of the Mississippi Prepaid Affordable College Tuition (MPACT) Program, for the fiscal year ending June 30, 2002.....

....................................................$ 250,000.00.

SECTION 2. This additional appropriation is made for the purpose of preventing a deficit which would otherwise occur in the MPACT Program resulting from increases in tuition charged by universities and community colleges.

SECTION 3. The money herein appropriated shall be paid by the State Treasurer out of any money in the proper fund or funds as set forth in this act, 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 its passage.