MISSISSIPPI LEGISLATURE

2003 Regular Session

To: Appropriations

By: Senator(s) Gordon

Senate Bill 2541

AN ACT TO DIRECT THE STATE TREASURER TO TRANSFER CERTAIN FUNDS INTO THE BUDGET CONTINGENCY FUND, FOR FISCAL YEAR 2003; AND FOR RELATED PURPOSES.

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

     SECTION 1.  The State Treasurer shall transfer to the Budget Contingency Fund created in Senate Bill No. 2680, 2001 Regular Session, out of the following enumerated funds, amounts listed below for each fund throughout the period beginning upon passage of this act and through June 30, 2003:

     Agency/Fund                                     Amount

State General Fund                                $ 3,600,000.00

Working Cash-Stabilization Reserve Fund           $ 3,754,000.00

     Total                                       $ 7,354,000.00

     In addition to the amounts transferred to the Budget Contingency Fund under the provisions of this act, the Budget Contingency Fund is hereby authorized to receive any additional funds that may become available to the fund from any source during Fiscal Year 2003.

     SECTION 2.  This act shall take effect and be in force from and after its passage.