Working Cash-Stabilization Reserve Fund; increase minimum balance of.

SB 2190 increases Mississippi's required minimum balance for the Working Cash-Stabilization Reserve Fund from 10% to 15% of the General Fund's annual appropriations. It also raises the maximum amount that can be diverted from unencumbered General Fund cash into the reserve from 10% to 15% of the General Fund's appropriations for the fiscal year. The fund, used to manage cash flow shortages, cover revenue shortfalls (with a $50 million annual cap), and provide immediate disaster assistance, will now require a larger reserve to be maintained.