MS SB3032

Appropriates $312,107,763.00 from the State General Fund to the Board of Trustees of State Institutions of Higher Learning for support, maintenance, and repairs at eight state universities for fiscal year 2012 (July 1, 2011 - June 30, 2012).

Appropriates $564,393,473.00 from federal, student fees, and other special source funds for education and general operations at the same eight institutions.

Allocates $26,850,000.00 for Ayers Settlement implementation, including $20,200,000.00 for programs at Alcorn State, Jackson State, and Mississippi Valley State universities, $5,000,000.00 for an Ayers Endowment Fund, and $900,000.00 for interest on the endowment.

Provides specific allocations for targeted programs including $157,500.00 for the Governor's School for the Gifted and Talented, $265,000.00 for the Teacher Corps, and funds for e-learning centers, economic development initiatives, and other institutional priorities.

Establishes performance measures for the university system including student retention rates of 74.60%, graduation rates of 53.10%, and specific expenditure targets for research, technology, and student services.