Small Municipalities Federal Match Fund; create.

An Act To Create The Small Municipalities Federal Match Fund As A Special Fund In The State Treasury For The Purpose Of Providing Matching Funds To Small Communities Throughout Mississippi Which Receive Discretionary Federal Funds; To Provide That The Monies Disbursed From The Fund Shall Be Matching Funds Used To Draw Down Federal Funds For Certain Municipalities; To Require That Monies Disbursed From The Fund Shall Be At A Set Match Rate Of Twenty Percent (20%) In Any Combination Of Either State Or Local Funds Contributed By The Small Municipality To Eighty Percent (80%) Federal Funds Received; To Provide That Monies Appropriated Out Of The Fund May Be Used To Reimburse Actual Oversight Costs Incurred By The Department Of Finance And Administration Up To A Certain Amount; To Require The Department Of Finance And Administration To File A Report On The Fund To Certain Public Officials; And For Related Purposes.