| 1 | 1 | | MISSISSIPPI LEGISLATURE 2025 Regular Session To: Highways and Transportation By: Senator(s) Michel Senate Bill 2579 AN ACT TO DIRECT THE STATE FISCAL OFFICER TO MAKE A TRANSFER FROM THE CAPITAL EXPENSE FUND TO THE 2022 CAPACITY PROJECT FUND UPON THE EFFECTIVE DATE OF THIS ACT; TO STATE THAT THE INTENT OF THE LEGISLATURE IS THAT SUCH TRANSFERRED FUNDS BE USED TO FUND THE WIDENING OF A CERTAIN SEGMENT OF INTERSTATE 55 LOCATED WITHIN MADISON COUNTY, MISSISSIPPI; TO BRING FORWARD SECTION 65-1-141.2, MISSISSIPPI CODE OF 1972, FOR THE PURPOSE OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Upon the effective date of this act, the State Fiscal Officer shall transfer One Hundred Fifty Million Eight Hundred Thousand Dollars ($150,800,000.00) from the Capital Expense Fund (Fund No.6499C00000) to the 2022 Capacity Project Fund (Fund No. 6619420000). SECTION 2. It is the intent of the legislature that such transferred funds be used to fund the widening of a certain segment of Interstate 55 traversing between Madison, Mississippi and Gluckstadt, Mississippi within Madison County. SECTION 3. Section 65-1-141.2, Mississippi Code of 1972, is brought forward as follows: 65-1-141.2. There is created in the State Treasury a special fund to be designated as the "2022 Capacity Project Fund," which shall consist of funds made available by the Legislature in any manner and funds from any other source designated for deposit into such fund. The fund shall be maintained by the State Treasurer as a separate and special fund, separate and apart from the General Fund of the state. Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, and any investment earnings or interest earned on amounts in the fund shall be deposited to the credit of the fund. Monies in the fund shall be used by the Department of Transportation, upon appropriation by the Legislature, to provide for capacity projects included in the Capacity Program of the Three-Year Plan as adopted by, amended by, or reissued by the Mississippi Transportation Commission under the authority of Section 65-1-141. SECTION 4. This act shall take effect and be in force from and after its passage. |
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| 2 | 2 | | |
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| 3 | 3 | | MISSISSIPPI LEGISLATURE |
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| 4 | 4 | | |
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| 5 | 5 | | 2025 Regular Session |
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| 6 | 6 | | |
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| 7 | 7 | | To: Highways and Transportation |
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| 8 | 8 | | |
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| 9 | 9 | | By: Senator(s) Michel |
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| 10 | 10 | | |
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| 11 | 11 | | # Senate Bill 2579 |
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| 12 | 12 | | |
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| 13 | 13 | | AN ACT TO DIRECT THE STATE FISCAL OFFICER TO MAKE A TRANSFER FROM THE CAPITAL EXPENSE FUND TO THE 2022 CAPACITY PROJECT FUND UPON THE EFFECTIVE DATE OF THIS ACT; TO STATE THAT THE INTENT OF THE LEGISLATURE IS THAT SUCH TRANSFERRED FUNDS BE USED TO FUND THE WIDENING OF A CERTAIN SEGMENT OF INTERSTATE 55 LOCATED WITHIN MADISON COUNTY, MISSISSIPPI; TO BRING FORWARD SECTION 65-1-141.2, MISSISSIPPI CODE OF 1972, FOR THE PURPOSE OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES. |
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| 14 | 14 | | |
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| 15 | 15 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: |
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| 16 | 16 | | |
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| 17 | 17 | | SECTION 1. Upon the effective date of this act, the State Fiscal Officer shall transfer One Hundred Fifty Million Eight Hundred Thousand Dollars ($150,800,000.00) from the Capital Expense Fund (Fund No.6499C00000) to the 2022 Capacity Project Fund (Fund No. 6619420000). |
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| 18 | 18 | | |
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| 19 | 19 | | SECTION 2. It is the intent of the legislature that such transferred funds be used to fund the widening of a certain segment of Interstate 55 traversing between Madison, Mississippi and Gluckstadt, Mississippi within Madison County. |
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| 20 | 20 | | |
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| 21 | 21 | | SECTION 3. Section 65-1-141.2, Mississippi Code of 1972, is brought forward as follows: |
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| 22 | 22 | | |
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| 23 | 23 | | 65-1-141.2. There is created in the State Treasury a special fund to be designated as the "2022 Capacity Project Fund," which shall consist of funds made available by the Legislature in any manner and funds from any other source designated for deposit into such fund. The fund shall be maintained by the State Treasurer as a separate and special fund, separate and apart from the General Fund of the state. Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, and any investment earnings or interest earned on amounts in the fund shall be deposited to the credit of the fund. Monies in the fund shall be used by the Department of Transportation, upon appropriation by the Legislature, to provide for capacity projects included in the Capacity Program of the Three-Year Plan as adopted by, amended by, or reissued by the Mississippi Transportation Commission under the authority of Section 65-1-141. |
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| 24 | 24 | | |
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| 25 | 25 | | SECTION 4. This act shall take effect and be in force from and after its passage. |
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