Mississippi SB2898 amends disaster fund transfer limits and updates budget standards.
Mississippi SB2898 amends the Disaster Trust Fund to increase transfer limits, reflect passed amendments, and update to current budget standards. The bill specifies that the maximum amount that may be transferred from the Working Cash-Stabilization Reserve Fund to the Disaster Assistance Trust Fund for any one disaster occurrence is $2,500,000, with a fiscal year limit of $5,000,000. The Disaster Assistance Trust Fund is used for disaster assistance, including public assistance, administrative costs, and hazard mitigation.
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