Bill Text: MS SB2755 | 2012 | Regular Session | Introduced
Bill Title: State Fiscal Officer; revise provisions regarding drawing of warrants in excess of the available cash balance against federal programs.
Sponsorship: Partisan Bill (Republican 1)
Status: (Failed) 2012-03-06 - Died In Committee [SB2755 Detail]
Download: Mississippi-2012-SB2755-Introduced.html
MISSISSIPPI LEGISLATURE
2012 Regular Session
To: Accountability, Efficiency, Transparency
By: Senator(s) Clarke
Senate Bill 2755
AN ACT TO AMEND SECTION 7-7-39, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE STATE FISCAL OFFICER TO DRAW WARRANTS IN EXCESS OF THE CASH BALANCE THEN AVAILABLE IN THE PARTICULAR FUND AGAINST WHICH THE WARRANT IS CHARGEABLE WHEN THE WARRANT IS TO BE DRAWN AGAINST FEDERAL PROGRAMS IN WHICH FEDERAL FUNDS ARE RECEIPTED BASED UPON POLICIES AND PROCEDURES AS ESTABLISHED BY THE STATE FISCAL OFFICER OR IN OTHER SITUATIONS AS DEEMED NECESSARY BY THE STATE FISCAL OFFICER; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 7-7-39, Mississippi Code of 1972, is amended as follows:
7-7-39. The State Fiscal Officer shall not draw warrants without, or in excess of, appropriations of money for the purpose, except in those cases specifically provided for by law; nor shall the State Fiscal Officer draw warrants against budgeted funds until notified by certification that the budget for the current allotment period of the fiscal year for the department, institution, or agency concerned is in compliance with the appropriation, and the amount of the approved budget has been set up in the State Fiscal Officer's records; nor shall the State Fiscal Officer draw warrants in excess of the amount so budgeted and approved, nor shall the State Fiscal Officer draw any warrant in excess of the cash balance then available in the particular fund against which the warrant is chargeable unless the warrant is to be drawn against federal programs in which federal funds are receipted based upon policies and procedures as established by the State Fiscal Officer or in other situations as deemed necessary by the State Fiscal Officer.
SECTION 2. This act shall take effect and be in force from and after July 1, 2012.
