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MississippiHB 11292025 Regular SessionHouseWALLET

Education Enhancement Fund; school district educational facilities loan repayments shall be made to DFA and deposited into.

Sponsored By: John Read (Republican)

Signed by Governor

Appropriations AAppropriations

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

School loan repayments shift education funding

Beginning July 1, 2024, Mississippi’s Department of Finance and Administration receives repayments on existing school facilities loans. The loan program ended that day, but districts still owe their repayments. The Education Department supplies loan terms and balances, and repayments go into the Education Enhancement Fund. The State Treasurer and State Fiscal Officer also transfer all remaining revolving loan fund money into that fund. If districts fall behind, the Education Department must send the amount owed to Finance and withhold it from future state formula payments. The loan collection and withholding rules expire July 1, 2034.

Sponsors & Cosponsors

Sponsor

  • John Read

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 287 • No: 0

House vote • 3/20/2025

Concurred in Amend From Senate

Yes: 116 • No: 0 • Other: 2

Senate vote • 3/11/2025

Passed As Amended

Yes: 51 • No: 0

House vote • 2/6/2025

Passed

Yes: 120 • No: 0

Actions Timeline

  1. Approved by Governor

    3/28/2025legislature

  2. Enrolled Bill Signed

    3/24/2025Senate

  3. Enrolled Bill Signed

    3/24/2025House

  4. Concurred in Amend From Senate

    3/20/2025House

  5. Returned For Concurrence

    3/12/2025Senate

  6. Passed As Amended

    3/11/2025Senate

  7. Amended

    3/11/2025Senate

  8. Title Suff Do Pass As Amended

    3/4/2025Senate

  9. Referred To Appropriations

    2/17/2025Senate

  10. Transmitted To Senate

    2/7/2025House

  11. Passed

    2/6/2025House

  12. Title Suff Do Pass

    1/30/2025House

  13. Referred To Appropriations A

    1/20/2025House

Bill Text

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