Mississippi Administrative Code
Title 10 - Education Institutions and Agencies
Part 601 - Authority and Responsibilities Rules and Regulations
Chapter 9 - Program Funding
Rule 10-601-9.1 - Funding

Universal Citation: MS Code of Rules 10-601-9.1

Current through September 24, 2024

I. The Agency receives an annual appropriation for Student Financial Aid, which consists of the following:

A. General Funds from the State Treasury

B. Spending Authority from special sources, such as:
1. Collections from repayment accounts

2. Carryover funds

3. Private foundations

4. Interest accounts

5. Federal funds

6. Grants

7. Donations

8. Fees

II. Unless otherwise noted in the annual appropriation, unexpended funds appropriated for Student Financial Aid will not lapse into the General Fund but will carryover for use in subsequent fiscal years.

III. Typically, the annual appropriation does not specify funding levels for specific programs. In some cases, the appropriation may set a maximum funding level for a program and/or delineate funding for a specific program.

IV. Annually, the Board will review the annual legislative budget request for the Mississippi Office of Student Financial Aid and make a budget recommendation to the Agency.

Miss. Code Ann. § 37-106-14.

Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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