MississippiSB 30992026 Regular SessionSenateWALLET

Appropriation; Treasurer's Office.

Sponsored By: W. Briggs Hopson III (Republican)

Signed by Governor

Appropriations DAppropriations AAppropriations

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Bill Overview

Analyzed Economic Effects

7 provisions identified: 2 benefits, 4 costs, 1 mixed.

State funding for prepaid tuition contracts

The law provides $35 million in fiscal year 2027 to pay amounts due under Mississippi prepaid college tuition contracts. The Treasurer may also use up to $1 million in additional program funds for those payments, subject to state funding rules. The Treasurer's Office can use the prepaid tuition administrative fund only for that program. The law does not set a new payment amount for each household.

Blind industries get state bid preference

The Treasurer's Office must prefer Mississippi Industries for the Blind when bids for goods or equipment are equal in price, quality, and service. The office must also give the organization a similar preference for purchases without competitive bids. This does not guarantee a contract.

Limits on payments to officials' relatives

The law bars use of these funds for attorney's fees or compensation to certain people related within the third degree by blood or marriage to the official who employs or selects them. The family-payment rule does not apply when the person linking the relationship is deceased. Anyone who approves, makes, or receives a prohibited payment is jointly responsible for repaying three times the amount.

Education trust fund gets investment money

The law provides $150,000 from Education Improvement Trust Fund No. 3219 for investment activity during fiscal year 2027. It does not set a direct household payment or change individual eligibility.

Treasurer's Office gets $7.5 million

The law provides $7,521,889 from special funds for the Treasurer's Office from July 1, 2026, through June 30, 2027. It allocates $1,854,655 to prepaid tuition, $177,860 to college savings, and $5,489,374 to office support. These funds pay for state programs and operations, not direct household payments.

Conditional funding for worker savings program

The law sets aside $239,000 in fiscal year 2027 to administer the Mississippi Work and Save Program. The money is available only upon passage of House Bill 4073 in the 2026 Regular Session. It funds program administration, not direct household payments.

Treasurer's Office authorizes three new roles

The law provides $3,841,122 for Treasurer's Office salaries and benefits in fiscal year 2027 and authorizes 40 permanent positions, including three Program Specialist III positions. Of that amount, $220,452 in vacancy funding can fill authorized jobs left vacant at the end of fiscal year 2026, but cannot pay for promotions or raises for current employees. Salary spending must stay within the appropriation, and personal-services funds cannot be moved to other budget categories. The office must follow state pay minimums and keep fiscal year 2028 personal-services spending within the fiscal year 2027 amount unless lawmakers add positions or programs; increases also require written approval and new or additional funds.

Sponsors & Cosponsors

Sponsor

W. Briggs Hopson III
Republican • Senate

Cosponsors

Dennis DeBar, Jr.
Republican • Senate
Scott DeLano
Republican • Senate
Joseph M. Seymour
Republican • Senate
Sarita Simmons
Democratic • Senate
Jeff Tate
Republican • Senate
Bart Williams
Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 340 • No: 0

House vote • 3/29/2026

Conference Report Adopted

Yes: 121 • No: 0

Senate vote • 3/29/2026

Conference Report Adopted

Yes: 50 • No: 0

House vote • 3/12/2026

Passed As Amended

Yes: 118 • No: 0

Senate vote • 2/19/2026