SB 2480 Mississippi Senate · 2026 Regular Session

Capacity Project Fund; direct transfer to.

SB 2480 directs the State Fiscal Officer to transfer $265 million from Mississippi's Capital Expense Fund to the Capacity Project Fund upon the bill's effective date. This transfer specifically funds transportation infrastructure projects (known as "capacity projects") included in the Mississippi Department of Transportation's Three-Year Plan, as defined under existing law. The bill amends Section 65-1-141.2 to clarify that unspent funds in the Capacity Project Fund do not lapse into the general state fund, and earnings from the fund remain within it. The bill does not create new policy but reallocates existing state funds for transportation project financing.

Bill status died 3 of 5 stages cleared

Introduction

Feb 2026

Committee Review

Feb 2026

Senate Passage

Feb 2026

House Passage

Governor

Introduced Feb 4, 2026 Last action Mar 3, 2026

Maddy AI version diff · 1 comparison

What changed between versions

As Introduced → Current version · 2 edits

MINOR

The bill was amended after passing the Senate to change its effective date from a fixed July 1, 2026 date to the date of passage. This change allows the bill to take effect immediately upon becoming law rather than waiting for a specific calendar date, which could accelerate the transfer of funds and implementation of related provisions.

Scope change

The bill's scope remains the same regarding the $265 million transfer and code amendment, but the timing of when these provisions become active has been modified.

TIMELINE

Changed the effective date from July 1, 2026 to the date of passage, allowing immediate implementation rather than waiting for a fixed calendar date.

TECHNICAL

Minor formatting changes to the bill header and introductory text to reflect Senate passage status.

Floor votes · Senate Feb 4, 2026