MS HB330

Reenacts sections 7-9-151 through 7-9-159 of Mississippi Code establishing the Capital Improvements Preplanning Fund as a revolving fund in the State Treasury for preliminary studies and plans on capital projects.

Authorizes the Bureau of Building, Grounds and Real Property Management to spend up to $250,000 per project from the fund for preliminary studies, plans, appraisals, and options on real property for projects the bureau proposes to the Legislature.

Limits preplanning expenses to 2.5% of a project's estimated cost for Legislature-authorized projects and $250,000 maximum for proposed projects.

Requires the Department of Finance and Administration to issue warrants for preplanning expenses upon requisitions from the Bureau director and to transfer expended planning funds back to the Preplanning Fund when projects receive appropriations or bond funding.

Extends the repeal date of these provisions from July 1, 2011, to July 1, 2014, and makes the act effective July 1, 2011.