HB1628: "MS Student Funding Formula"; clarify provision that requires deposit of certain tax revenue into the Education Enhancement Fund does not repeal.
Legislative Summary
An Act To Amend Section 119, Chapter 484, Laws Of 2024, Mississippi Code Of 1972, To Clarify That Subsection 27-65-75(5) Should Not Repeal Because The Previous "educational Facilities Revolving Loan Fund," Which Was The Original Fund Of Deposit, Was Abolished And Replaced With The "education Enhancement Fund" As The Fund Of Deposit For The Tax Revenue Collected For Such Purposes Under The "mississippi Student Funding Formula"; To Amend Section 27-65-75, Mississippi Code Of 1972, To Clarify The Deposit Of Loan Repayments Under The Former Educational Facilities Revolving Loan Fund Shall Be Made To Dfa Until Such Financial Obligations, Are Satisfied In Full; And For Related Purposes.
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