Appropriation; Treasurer's Office.
SB 2040 appropriates $6,808,433 for Mississippi's State Treasurer's Office to cover fiscal year 2026 expenses (July 1, 2025-June 30, 2026), primarily for employee salaries and benefits totaling $3,569,544. The bill authorizes 37 permanent staff positions and strictly limits spending on "Personal Services," requiring compliance with state personnel salary rules and prohibiting budget overruns. It also allocates $150,000 to the Education Improvement Trust Fund and $35 million to the Prepaid College Tuition Program for fiscal year 2026. The funding includes specific rules to prevent using appropriated funds for promotions or salary increases beyond authorized headcounts.
Bill status
signed
all 5 stages cleared
Introduction
May 2025
Committee Review
May 2025
Senate Passage
May 2025
House Passage
May 2025
Signed into Law
Jun 2025
Introduced May 28, 2025
Signed Jun 4, 2025
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What changed between versions
As Passed the upper
→
Current version
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1 edit
MINOR
The bill title was updated from 'As Passed the Senate' to 'As Sent to Governor,' indicating it has completed the legislative process and is ready for gubernatorial action. No substantive policy changes, funding amounts, or eligibility criteria were modified in this version.
TECHNICAL
The bill status label was changed from 'As Passed the Senate' to 'As Sent to Governor,' reflecting its progression through the legislative process without altering any policy provisions.
Floor votes · Senate May 28, 2025 · House May 28, 2025
How they voted
41–10
Passed · 8 other
Total votes 59
May 28, 2025
D
Democratic20
50% Nay
R
Republican39
84% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
11
Key actions
3
Committee
3
Jun 4, 2025
Signed into law
Approved by Governor
executive
May 28, 2025
Committee
Referred To Appropriations A
lower
May 28, 2025
Introduced
Transmitted To House
upper
May 28, 2025
Upper · Passed
Passed
upper
May 28, 2025
Upper · Passed
Title Suff Do Pass
upper
May 28, 2025
Committee
Referred To Appropriations
upper
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Briggs Hopson
RRepublican
Co
John Polk
RRepublican
Co
Michael McLendon
RRepublican
Co
Sarita Simmons
DDemocratic
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