House Bill 14

AN ACT TO AMEND SECTION 37-115-49, MISSISSIPPI CODE OF 1972, TO REQUIRE THE STATE FISCAL OFFICER TO ANNUALLY TRANSFER $3,000,000.00 FROM THE STATE GENERAL FUND TO THE UNIVERSITY OF MISSISSIPPI MEDICAL CENTER - ACT CENTER FUND; AND FOR RELATED PURPOSES.

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

SECTION 1. Section 37-115-49, Mississippi Code of 1972, is amended as follows:

37-115-49. (1) During fiscal year 2010 and fiscal year 2012, and during each fiscal year after fiscal year 2012, the State Fiscal Officer shall transfer the sum of Three Million Dollars ($3,000,000.00) each year from the State General Fund to the University of Mississippi Medical Center - ACT Center Fund created in subsection (2) of this section.

(2) (a) There is created in the State Treasury a special fund to be known as the "University of Mississippi Medical Center - ACT Center Fund," which shall consist of monies deposited therein under subsection (1) of this section and monies from any other source designated for deposit into the fund. Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, and any interest earned or investment earnings on amounts in the fund shall be deposited to the credit of the special fund.

(b) Monies in the fund may be used by the University of Mississippi Medical Center, upon appropriation by the Legislature, for the purpose of providing funds for the ACT Center for Tobacco Treatment, Education and Research at the University of Mississippi Medical Center.

SECTION 2. This act shall take effect and be in force from and after July 1, 2011.