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SB 2840

State Budget process; revise provisions related to and transfer certain funds.

2025 Regular Session Introduced by Briggs Hopson

SB 2840 creates a dedicated MSU Veterinary School Fund with IHL disbursement control and redirects $820M from the Capital Expense Fund into multiple capital/infrastructure funds.

Vetoed
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Bill Summary · SB 2840

Summary — SB 2840 (2025)

Title: State budget process; revise provisions related to and transfer certain funds
Primary sponsor: Sen. Hashimoto
Status: Vetoed (4/24/2025) — bill passed both houses, conference report adopted and enrolled, then vetoed.

Purpose / Intent

SB 2840 makes a set of budgetary and administrative changes that (1) establish and govern a dedicated Mississippi State University (MSU) Veterinary School Fund and change who disburses it; (2) direct large transfers from the State’s Capital Expense Fund into multiple named capital and infrastructure funds; (3) clarify/adjust certain FY2025 appropriations (including school safety funding); (4) move a physician workforce program appropriation tied to a prior statutory transfer; and (5) amend state rules for disposal of unneeded state personal property.

Key provisions and changes

  • Mississippi State University Veterinary School Fund (amendment to Miss. Code §37-113-55):

    • Codifies a special treasury fund designated the “Mississippi State University Veterinary School Fund.”
    • Specifies that the Board of Trustees of State Institutions of Higher Learning (IHL) — not the Department of Finance and Administration — shall disburse fund monies to assist MSU with design, construction, renovation, repairs, and equipping of the Wise Center.
    • Fund balances do not lapse to the General Fund; interest/investment earnings remain in the fund.

  • Transfers from Capital Expense Fund (amendment to Section 1, Ch. 534, Laws of 2024):

    • Directs the State Treasurer (with the State Fiscal Officer) to transfer a total of $820,375,000 from the Capital Expense Fund (Fund No. 6499C00000) into multiple targeted funds. Major allocations include:
    • 2024 Local Improvements Projects Fund: $227,375,000
    • 2022 IHL Capital Improvements Fund: $110,000,000
    • 2022 Community & Junior Colleges Capital Improvements Fund: $45,000,000
    • 2023 Lafayette County Infrastructure Improvements Fund: $160,000,000
    • 2023 DeSoto County Infrastructure Improvements Fund: $90,000,000
    • Mississippi Site Development Grant Fund: $40,000,000
    • Mississippi State University Veterinary School Fund: $18,000,000
    • Other named capital, road/bridge, and multi‑modal funds making up the remainder.

  • FY2025 appropriation clarification (amend §43, Ch. 95, Laws of 2024):

    • Of funds appropriated in Section 1(a), $1,400,000 is designated for continuation of the current school safety platform (State Department of Education).

  • Transfer for physician workforce program:

    • Directs transfer of $4,030,416 (July 1, 2024–June 30, 2025 period) on behalf of the University of Mississippi Medical Center to the State Department of Health for the Office of Mississippi Physician Workforce (reflecting a program move enacted in HB 1129, 2024).

  • State personal property disposal (amend §29-9-9):

    • Clarifies procedures and approvals for selling, transferring, trading, donating, or exchanging obsolete/unneeded state personal property; specifies approvals, proceeds treatment, liability for improper disposal, rulemaking authority, penalties (misdemeanor up to $1,000), and several exceptions (e.g., Major Economic Impact Act, FEMA‑related housing, Veterans Homes).

  • Effective date: upon passage (but note: vetoed before becoming law).

Who/what is affected

  • Mississippi State University — receipient of MSU Veterinary School Fund allocations and subject to project funding via IHL.
  • Board of Trustees of State Institutions of Higher Learning — gains explicit disbursement authority for the MSU Veterinary School Fund.
  • Multiple counties, institutions, agencies, and capital programs named as recipients of the $820.375M transfers.
  • State Department of Education — designation of $1.4M for school safety platform.
  • State Department of Health / UMMC Office of Mississippi Physician Workforce — program funding transfer.
  • All state institutions/agencies that dispose of personal property — subject to clarified disposal rules and liabilities.

Fiscal and procedural notes

  • The bill reallocates $820,375,000 from the Capital Expense Fund to a set of targeted capital and infrastructure funds; it also designates $18,000,000 specifically for the MSU Veterinary School Fund.
  • Although SB 2840 passed both chambers, underwent conference, and was enrolled, it was vetoed on April 24, 2025 and therefore did not take effect.

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

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