2025-26 Audit and Reporting Guidelines Format Final- Harsha

68 Miss·.ssipp - • olmffiunity C lege B a.rd shall find and determ.ine that

anysuch publ '.c or comm ni y

69

unior c

lege d es , ot have

70 sufficient funds on hand for payment of the necessary expenses of n its operat n fr theperiod commencing July 1, 2023, nti

7

dis ribution

f the funds appropria ed hereby,, then, in that

73

event, the Mississipp

oll.ununi ty Col ege B ara is expressly

74

authorized to make an advance t

any such public commun·ty r

75

junior c 1 ege r c 1 eges n

having sufficient operating funds

76 fo.r such pe.riod from the funds appropriated hereby; provided,

(1 J public

77

however,

ha the a.n.10un of any such advance to any one

7 co1minuni ty o.r JUiruor college shall not exceed thirty-three percent

79

(33%) o= the am unt

f sta e-appropriated f nds received by such

80

publ·c c mmunity r

Junior c 1 ege during t e preceding fisca

81

year; and provided, fur her,

hat t e amount f a, y sue

advance

8

shal

be ded 1cted from the pro rata part of the funds appropr·.ated

83 hereby accruing to said public community or junior coll ge when

84 enro_lment ha.s been a.scertained and distr • b 1tion of funds is made ..

85

Of he funds appropriated in Section 1 of this act, an

(a)

86

amount not to exceed One Hundred Sixty-one M·.1 ion

87

Eighty-one Thousand Four Hundred Four Dollars

( $16 , 081, 404. 00) is au hrizea f r

the a.·.a and suppor

f

8

he public community colleges to be distributed through

89

the commun • .t y college support

funding formula.

90

Of he funds provided in Sec ion 3 of this act,

91

(b)

9

Forty-n ne M·.11 • on Eight Hundred Eighty-four T ousand N·ne

·n nrn1I IIIOHDHIII

~ OFF'.ICIAL ~

S. B. No. 3010 23/SS08/1t292SG _}l_ I!: '!

Tab 12A – Recent Legislation

217 5

Updated 10/01/2023