ARPA programs and funds; direct transfer of certain available and unexpended funds on September 30, 2026.

Extended the deadline for expending ARPA funds from December 31, 2024 to December 31, 2026, aligning with federal Treasury guidance.

Created two new special funds in the State Treasury to capture and reallocate unexpended ARPA funds: the ARPA-MDOT Project Lost Revenue Fund and the ARPA-DFA-Office of Insurance Lost Revenue Fund.

Added specific reporting requirements for agencies to notify subgrantees of reporting obligations and to report when subgrantees fail to submit reports or reimbursement requests for two consecutive periods.

Authorized the State Treasurer to transfer unexpended funds from non-compliant subgrantees to the ARPA-MDOT Maintenance Project Fund when reporting requirements are not met.

Clarified the definition of 'expended' to mean that all invoices for eligible services or commodities have been paid with warrants issued by the State of Mississippi.

Expanded the list of programs and entities subject to reporting requirements to include additional workforce development, health sciences, and infrastructure grant programs.

Corrected formatting issues and standardized the bill structure from the original 'As Introduced' version to the 'Committee Substitute' version.