Bill Text: MS SB2516 | 2020 | Regular Session | Introduced
Bill Title: Mississippi Veterans Cemeteries; create special trust fund for administration and maintenance.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2020-03-03 - Died In Committee [SB2516 Detail]
Download: Mississippi-2020-SB2516-Introduced.html
MISSISSIPPI LEGISLATURE
2020 Regular Session
To: Veterans and Military Affairs; Appropriations
By: Senator(s) Seymour
Senate Bill 2516
AN ACT TO CREATE IN THE STATE TREASURY A SPECIAL TRUST FUND DESIGNATED AS THE "MISSISSIPPI VETERANS CEMETERY PERPETUAL CARE FUND" TO BE USED UPON REQUISITION TO THE STATE TREASURER BY THE EXECUTIVE DIRECTOR OF THE MISSISSIPPI VETERANS AFFAIRS BOARD FOR THE ADMINISTRATION AND MAINTENANCE OF THE MISSISSIPPI VETERANS CEMETERIES; TO PROVIDE FOR EXPENDITURES FROM THE FUND AND PROVIDE FOR AN INITIAL TRANSFER FOR THE PRINCIPAL OF THE FUND FROM FUNDS HELD BY THE MISSISSIPPI VETERANS AFFAIRS BOARD; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. (1) There is hereby created in the State Treasury a fund to be designated as the "Mississippi Veterans Cemetery Perpetual Care Fund," hereinafter referred to in this section as "fund," which may be used for administration, renovation, maintenance and operation of the Mississippi Veterans Cemeteries.
(2) The principal of the fund shall permanently remain intact except as hereinafter provided, and shall not lapse into the State General Fund at the end of the fiscal year. The fund shall be treated as a special trust fund. Interest earned on the principal therein shall be credited by the Treasurer to the fund.
(3) Expenditures may be made from the interest accrued by the fund upon requisition to the Treasurer by the Executive Director of the Mississippi Veterans Affairs Board in furtherance of the administration, renovation, maintenance and operation of the Mississippi Veterans Cemeteries. Expenditures may be made from the principal only after a declaration of an emergency by the Governor of the State of Mississippi and affirmed by the Mississippi Veterans Affairs Board.
(4) In addition to any money that may be appropriated to it, the fund's principal shall consist of initial transfer of an amount to be determined by the Mississippi Veterans Affairs Board of any monies rightfully held by the Mississippi Veterans Affairs to the State Treasurer and any additional funds allocated at the discretion of the Mississippi Veterans Affairs Board.
SECTION 2. This act shall take effect and be in force from and after July 1, 2020.
