11 Miss. Code. R. 7-4.2 - Mississippi Dam Safety Fund
A. Section 19 of
H.B. 1730, Mississippi Regular Session of 2020, created in the State Treasury a
special fund to be designated as the "Mississippi Dam Safety Fund," which shall
consist of funds made available by the Legislature in any manner and funds from
any other source designated for deposit into such fund. Unexpended amounts
remaining in the fund at the end of a fiscal year shall not lapse into the
State General Fund, and any investment earnings or interest earned on amounts
in the fund shall be deposited to the credit of the fund. Monies in the fund
shall be used to make grants for the purposes provided hereafter.
B. Monies in the fund may be used to
reimburse reasonable actual and necessary costs incurred by the department for
the administration of the grant program. An accounting of actual costs incurred
for which reimbursement is sought shall be maintained by the department.
Reimbursement of reasonable actual and necessary costs shall not exceed three
percent (3%) of the proceeds of bonds issued. Reimbursements shall satisfy any
applicable federal tax law requirements.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.