Miss. Code § 41-14-7

Current through the 2024 Regular Session
Section 41-14-7 - ICU Infrastructure Fund created; use of monies; unexpended monies
(1) There is created a special fund in the State Treasury, to be known as the "ICU Infrastructure Fund," from which the awards authorized under the ICU Infrastructure Program shall be disbursed by the Department of Health.
(2)
(a) All monies shall be disbursed from the fund created in subsection (1) of this section in compliance with the guidelines, guidance, rules, regulations or other criteria, as may be amended from time to time, of the United States Department of the Treasury regarding the use of monies from the Coronavirus Relief Fund established by the CARES Act. However, unexpended amounts of any monies unrelated to the Coronavirus Relief Fund, whether appropriated by the Legislature or donated by any public or private entity, remaining in the funds at the end of a fiscal year shall not lapse into the Budget Contingency Fund or the State General Fund, and any investment earnings or interest earned on amounts in the program fund shall be deposited to the credit of the ICU Infrastructure Fund; and
(b) If on December 15, 2020, there are unexpended Coronavirus Relief Fund monies remaining in the fund created in this section, those funds shall be transferred into the Unemployment Compensation Fund no later than December 30, 2020.
(3) The use of funds allocated under this program shall be subject to audit by the United States Department of the Treasury's Office of Inspector General and the Mississippi Office of the State Auditor. Each person receiving funds under these programs found to be fully or partially noncompliant with the requirements in Sections 41-14-1 through 41-14-11 shall return to the state all or a portion of the funds received.

Miss. Code § 41-14-7

Added by Laws, 2020, ch. 500, SB 3055,§ 5, (became law without the Governor's signature on October 9, 2020).