Budget; provide for various transfers of funds, and create various special funds in the treasury.

HB 1705 directs the Mississippi State Treasurer to transfer millions of dollars from the Capital Expense Fund into various existing special funds, including those for animal disease response, oil and gas emergency plugging, and disaster assistance. The bill also establishes several new special funds in the state treasury to manage money for opioid litigation settlements, forest improvement, volunteer fire department equipment conversion, arts commission initiatives, and public employee retirement system repairs. Additionally, the legislation sets a $10,000 cap on individual grants for hurricane damage mitigation and creates a dedicated fund to administer that program through a third-party contractor. Finally, it adjusts fiscal year 2024 appropriations to transfer funds to successor boards for barber and cosmetology licensing.