Bill Amendment: MS HB362 | 2026 | Regular Session

NOTE: For additional amemendments please see the Bill Drafting List

---

Bill Title: Money transmission fees; require money transmitters to collect on certain transfers.

Status: 2026-02-16 - Died On Calendar [HB362 Detail]

Download: Mississippi-2026-HB362-House_Amendment_No_1.html

---

Adopted

 

AMENDMENT NO 1 PROPOSED TO

 

House Bill No.  362

 

BY: Representatives Grady, Keen

 

     AMEND on line 16 by deleting "one percent (1%)" and inserting in lieu thereof, "one and one-half percent (1.5%)"  

     AMEND FURTHER after line 113 by inserting the following:

     SECTION 5.  Sections 5 and 6 of this act shall be known and may be cited as "The Mississippi Heroes Support Fund Act".

     SECTION 6. The Mississippi Heroes Support Fund is hereby established in the State Treasury as a special fund for first responders.  The administration and regulation of the fund shall be vested in the Commissioner of the Department of Public Safety, and shall consist of:

              (a)  Fifty percent (50%) of all money transmission fees authorized in Section 1 of this act;

              (b)  Donations to the fund from any source; and

              (c)  Any interest accruing to the fund.

     SECTION 7. Sections 5 and 6 of this act shall stand repealed on July 1, 2027.

     AMEND FURTHER the title on line 10 by inserting the following after the semicolon;

"TO CREATE "THE MISSISSIPPI HEROES SUPPORT FUND ACT"; TO AUTHORIZE SOURCES OF MONEY FOR DEPOSIT INTO THE FUND;