MISSISSIPPI LEGISLATURE
2007 Regular Session
To: Appropriations
By: Representative Compretta, Peranich, Upshaw, Guice, Broomfield, Reynolds, Hudson, Franks, Patterson, Clark, Scott, Perkins
AN ACT MAKING AN APPROPRIATION TO THE DEPARTMENT OF INSURANCE FOR THE PURPOSE OF PROVIDING FUNDS TO THE MISSISSIPPI WINDSTORM UNDERWRITING ASSOCIATION TO REDUCE THE PREMIUM RATES CHARGED FOR INSURING COMMERCIAL PROPERTY THROUGH THE ASSOCIATION FOR FISCAL YEAR 2007.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. The following sum, or so much of it as may be necessary, is appropriated out of any money in the State General Fund not otherwise appropriated, to the Department of Insurance for the purpose of providing funds to the Mississippi Windstorm Underwriting Association created under Section 83-34-1 et seq., Mississippi Code of 1972, to be used by the association to reduce the premium rates charged for insuring commercial property through the association, for the fiscal year ending June 30, 2007.........
................................................ $30,000,000.00.
SECTION 2. The money appropriated by this act shall be paid by the State Treasurer out of any money in the State General Fund not otherwise appropriated, 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 3. This act shall take effect and be in force from and after its passage.