Working Cash-Stabilization Reserve Fund; increase the limit of diversion to.
SB 2563 would have increased the maximum percentage of Mississippi's unspent annual General Fund budget that could be diverted to the Working Cash-Stabilization Reserve Fund from 10% to 15%. This change would affect how the state manages its surplus funds at year-end, requiring the Executive Director of Finance and Administration to allocate up to 15% of the annual appropriations to this reserve after funding the Municipal Revolving Fund. The bill, which died in committee on March 4, 2025, did not become law and therefore has no current effect on state budget practices. It was a procedural budget adjustment, not a policy affecting citizens or services.
Bill status
died
3 of 5 stages cleared
Introduction
Feb 2025
Committee Review
Feb 2025
Senate Passage
Feb 2025
House Passage
Governor
Introduced Feb 7, 2025
Last action Mar 4, 2025
Maddy AI version diff · 1 comparison
What changed between versions
As Introduced
→
Current version
·
2 edits
MINOR
This bill amends Mississippi Code Section 27-103-213 to increase the limit on how much of the state's unencumbered General Fund cash balance can be diverted to the Working Cash-Stabilization Reserve Fund, raising it from 10% to 15% of the fiscal year's General Fund appropriations. The change allows the state to set aside more money in this reserve fund, potentially providing greater financial stability for the state budget.
Scope change
The bill applies to the distribution of unencumbered General Fund cash balance at the end of each fiscal year, specifically affecting how funds are allocated to the Working Cash-Stabilization Reserve Fund.
FISCAL
Increased the maximum percentage of unencumbered General Fund cash balance that can be diverted to the Working Cash-Stabilization Reserve Fund from 10% to 15% of the fiscal year's General Fund appropriations.
TIMELINE
Added a specific effective date for the act, stating it shall take effect and be in force from and after July 1, 2025.
Floor votes · Senate Feb 6, 2025
How they voted
51–0
Passed
Total votes 51
Feb 6, 2025
D
Democratic16
100% Yea
R
Republican35
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
6
Key actions
2
Committee
3
Feb 14, 2025
Committee
Referred To Appropriations E;Appropriations A
lower
Feb 7, 2025
Introduced
Transmitted To House
upper
Feb 6, 2025
Upper · Passed
Passed
upper
Jan 30, 2025
Upper · Passed
Title Suff Do Pass
upper
Jan 20, 2025
Committee
Referred To Appropriations
upper
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Briggs Hopson
RRepublican
Co
Daniel Sparks
RRepublican
Co
David Parker
RRepublican
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