Appropriation; Debt Service-Gen. Obli.
SB 2041 appropriates $422 million from the State General Fund to cover bank service charges and pay principal/interest on Mississippi's existing "full faith and credit" bonds, and $17.75 million plus $41.75 million from special funds for maturing bonds due in Fiscal Year 2026. It specifically allocates $500,000 for bank fees related to bond payments and requires payments to occur between July 1, 2025, and June 30, 2026. The bill directly affects the state treasury (which pays bondholders), banks acting as state agents, and bondholders receiving payments. It is a routine funding measure for existing debt obligations, with no new policy provisions.
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 the bill has completed its legislative process and is now awaiting the Governor's signature. This is a procedural change rather than a substantive policy modification.
TECHNICAL
The bill's status designation was updated from 'As Passed the Senate' to 'As Sent to Governor', reflecting its progression through the legislative process.
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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