There is hereby created in the State Treasury a special fund to be designated as the 'Public Utilities Application Fund,' which shall consist of funds made available by the Legislature in any manner and funds from any other source designated for deposit into such fund. Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, and any investment earnings or interest earned on amounts in the fund shall be deposited to the credit of the fund. Monies in the fund shall be used for administration expenses related to the processing of grants by the Public Utilities Staff. Any application fee collected under the grant programs and deposited to the Public Utilities Staff Regulation Fund before September 1, 2020, shall be transferred to the Broadband Expansion and Accessibility of Mississippi (BEAM) Fund created by House Bill No. 1029, 2022 Regular Session.Amended by Laws, 2022, ch. 482, SB 2780,§ 14, eff. 4/19/2022.Added by Laws, 2020, ch. 487, SB 3054,§ 1, eff. 9/1/2020.
Mississippi Legal Code