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MississippiSB 31002026 Regular SessionSenateWALLET

Appropriation; Debt Service-Gen. Obli.

Sponsored By: W. Briggs Hopson III (Republican)

Signed by Governor

Appropriations DAppropriations AAppropriations

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

Funding to pay state bond debts

The law provides $371.8 million from the State General Fund to pay principal, interest, and bank agent fees on state bonds due in Fiscal Year 2027. It also provides $51.3 million from special funds and bond interest for those same payments. Up to $500,000 pays bank service charges, and banks must provide itemized bills. Funds are available from July 1, 2026 until the bonds are paid or June 30, 2027, whichever comes first. This keeps the state current on its full faith and credit bonds.

Paying state revenue bond debts

The State Treasurer may spend $41.7 million from special funds and bond interest to pay principal and interest on state revenue bonds due in Fiscal Year 2027. Payments cover amounts due between July 1, 2026 and June 30, 2027. This keeps revenue bond payments on time.

Treasurer can use extra bond funds

The State Treasurer can accept, budget, and spend extra money from bond interest or loan repayments. These funds are handled under Department of Finance and Administration rules, like federal funds. This takes effect July 1, 2026.

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: 168 • No: 0

House vote • 3/12/2026

Passed

Yes: 117 • No: 0

Senate vote • 2/19/2026

Passed

Yes: 51 • No: 0

Actions Timeline

  1. Approved by Governor

    3/23/2026legislature

  2. Enrolled Bill Signed

    3/16/2026House

  3. Enrolled Bill Signed

    3/16/2026Senate

  4. Returned For Enrolling

    3/13/2026House

  5. Passed

    3/12/2026House

  6. Title Suff Do Pass

    3/11/2026House

  7. DR - TSDP: AP To A3

    3/11/2026House

  8. DR - TSDP: A3 To AP

    3/11/2026House

  9. Referred To Appropriations D;Appropriations A

    2/24/2026House

  10. Transmitted To House

    2/23/2026Senate

  11. Passed

    2/19/2026Senate

  12. Committee Substitute Adopted

    2/19/2026Senate

  13. Title Suff Do Pass Comm Sub

    2/18/2026Senate

  14. Referred To Appropriations

    2/17/2026Senate

Bill Text

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