Federal Funding Transparency Act; enact.

SB 2875, the Federal Funding Transparency Act, requires all Mississippi state agencies receiving federal funds to publicly report detailed financial information about those funds annually. It mandates agencies to disclose specific data - including the exact amounts from each federal source, how funds were collected, their intended uses, transfers to other entities, and fund balances - on the legislature’s website in an accessible format. The bill imposes a $100 daily penalty per violation, plus legal fees, on agency heads who fail to submit these reports, with personal liability (not sovereign immunity) for noncompliance. This law directly affects every state agency managing federal funds, aiming to increase accountability by making funding sources and expenditures transparent to the public.