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HB 1765

Corporation Commission; creating the Corporation Commission Modernization Act of 2025; effective date.

2025 Regular Session Introduced by Anthony Moore

Authorizes a FY2026 appropriation of $84,692,446 to the Veterans' Home Purchase Board and up to $10,000,000 in new home loans, with 25 permanent staff.

Second Reading referred to Rules
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Bill Summary · HB 1765

Summary — HB 1765: Appropriation; Veterans' Home Purchase Board

Status: Died in Conference (filed Jan 7, 2025)

Note up front: The materials provided for “HB 1765” include text from multiple states and unrelated subject matters (an Arkansas criminal-law amendment and an Illinois elections draft). This summary focuses on the appropriation measure concerning the Veterans' Home Purchase Board (the appropriation/loan-authority text appears to be Mississippi-style language included in the supplied amendments). The other documents are separate measures that share the same bill number in different jurisdictions.

Purpose / Intent

Provide specialty-fund appropriations to the Veterans' Home Purchase Board’s revolving fund to defray agency operating expenses and to make new home loans authorized by law for Fiscal Year 2026 (fiscal year beginning July 1, 2025 and ending June 30, 2026).

Key provisions

  • Appropriation amount: $84,692,446 to the Veterans' Home Purchase Board revolving fund for FY2026.
  • Authorized headcount: 25 permanent positions (0 time‑limited positions).
  • Escalation/loan authority: Board is authorized to escalate, budget, and expend up to $10,000,000 from any source for making new home loans as authorized by law (subject to Dept. of Finance & Administration rules).
  • Personnel and budgeting controls:
    • Agency must manage personal‑services funding so FY2027 personal‑services costs do not exceed FY2026 appropriations unless additional positions/programs are legislatively added.
    • Restrictions on using vacancy funds (must be used to increase headcount only; not for promotions/title/salary adjustments).
    • State Personnel Board and Dept. of Finance & Administration approvals required for escalations/position changes; salary actions limited if projected costs exceed legislative data.
  • Procurement preference: When bids are equal, preference to Mississippi Industries for the Blind; similar preference for purchases without competitive bids.
  • Compliance clauses:
    • Funds may not replace federal or other special funds used previously for salaries.
    • Funds cannot be used in violation of IRS Publication 15‑A reporting rules.
    • Agency must maintain complete accounting and personnel records at the same format/detail level as FY2025 and submit FY2027 budget request in comparable detail.
  • Payment mechanics: Warrants issued by State Fiscal Officer upon requisition; State Treasurer to pay from appropriate fund credit.
  • Effective date language in the text: “This act shall take effect and be in force from and after July 1, 2025.” (The document also contains a conflicting repeal date statement — see Procedural/Technical note below.)

Fiscal impact

  • Direct appropriation: $84,692,446 from the Veterans' Home Purchase Board revolving fund for FY2026.
  • Additional potential lending capacity: up to $10,000,000 in escalated funds for new home loans (source flexibility noted, subject to rules).
  • Net impact to the general fund is not indicated; funds are drawn from a special revolving fund. The provided text does not include a detailed fiscal note beyond the appropriation amounts.

Who is affected

  • Veterans' Home Purchase Board: operational funding and loan-making authority.
  • Veterans seeking home‑purchase loans administered by the Board.
  • State agencies involved in personnel/finance oversight (State Personnel Board, Department of Finance & Administration, State Treasurer, State Fiscal Officer).
  • Mississippi Industries for the Blind (procurement preference).
  • State Treasurer/State Fiscal Officer (payment processing) and auditors (recordkeeping/compliance).

Procedural / timeline aspects

  • The document includes committee amendments and shows steps consistent with passage in one chamber and subsequent amendment(s).
  • Overall status for the measure as provided: Died In Conference (a conference committee failed to resolve differences or the bill was not adopted in final conference).
  • Conferees were named in March 2025; the bill did not emerge from conference as enacted.

Technical / drafting note

The amendment text contains an apparent inconsistency: an effective date of July 1, 2025 is paired with a repeal clause referencing June 30, 2025 (a date prior to the stated effective date). That appears to be a drafting error; if enacted, such inconsistencies would require correction. Also, the supplied packet mixes distinct bills from other states (Arkansas and Illinois) under the same bill number — those are separate measures and are not part of this appropriation summary.

Compiled from official sources — confirm details with the bill’s official record.

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