Increases the minimum balance requirement of the Working Cash-Stabilization Reserve Fund from 10% to 15% of the total General Fund appropriations for.
Mississippi SB2190 amends the Mississippi Code to increase the minimum balance requirement of the Working Cash-Stabilization Reserve Fund from 10% to 15% of the total General Fund appropriations for the current fiscal year. The bill also removes outdated provisions concerning the Ayers Settlement Fund. The Working Cash-Stabilization Reserve Fund is used to cover projected deficits in the General Fund and provide funds for the Disaster Assistance Trust Fund. The fund is invested in certificates of deposit, repurchase agreements, and other securities to yield the highest market rate available.
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- Core Provisions
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- Legal Framework
- Critical Issues
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