IHL; continue annual deposits into Ayers Settlement Fund for 10 years and end reductions to Ayers Endowment Trust.

HB 35 extends mandatory annual deposits of $5 million in interest earnings from Mississippi's Working Cash-Stabilization Reserve Fund into the Ayers Settlement Fund through June 2035. It also eliminates future reductions to the Ayers Endowment Trust, which provides funding to historically Black universities. The bill directly affects Jackson State University, Alcorn State University, and Mississippi Valley State University by ensuring ongoing financial support through these funds. Key mechanisms include redirecting interest income (instead of allowing it to revert to the general fund) and maintaining the trust structure established for these institutions.