SB 2578: Small Municipalities Federal Match Fund; create.

Summary

An Act To Create The Small Municipalities Federal Match Fund As A Special Fund In The State Treasury For The Purpose Of Providing Matching Funds To Small Communities Throughout Mississippi Which Receive Discretionary Federal Funds; To Provide That The Monies Disbursed From The Fund Shall Be Matching Funds Used To Draw Down Federal Funds For Certain Municipalities; To Require That Monies Disbursed From The Fund Shall Be At A Set Match Rate Of Twenty Percent (20%) In Any Combination Of Either State Or Local Funds Contributed By The Small Municipality To Eighty Percent (80%) Federal Funds Received; To Provide That Monies Appropriated Out Of The Fund May Be Used To Reimburse Actual Oversight Costs Incurred By The Department Of Finance And Administration Up To A Certain Amount; To Require The Department Of Finance And Administration To File A Report On The Fund To Certain Public Officials; And For Related Purposes.

Latest recorded action

No action recorded yet.

Mar 23, 2026

This is the latest action supplied by the source, not the full legislative history.

Track bills like this one

Mandate alerts you when a bill that matters to your organization moves, and explains what it means.