Mississippi SB2480 directs the transfer of $265 million from the Capital Expense Fund to the Capacity Project Fund for transportation capacity.
Mississippi SB2480 mandates the transfer of $265 million from the Capital Expense Fund to the Capacity Project Fund, which is intended for transportation capacity projects. The fund will be maintained separately from the state's General Fund and will be used by the Department of Transportation for projects outlined in the state's Three-Year Plan. Any investment earnings or interest from the fund will also be deposited back into it. The bill specifies that the transfer will occur upon the act's effective date.
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