MS SB3100

Authorizes up to $230,175,000 in state general obligation bonds for the "2011 IHL and State Agencies Capital Improvements Fund," allocating $98,900,000 to institutions of higher learning (including Alcorn State, Delta State, Jackson State, Mississippi State, Ole Miss, USM, and others) and $82,775,000 to state agencies for capital improvements, repairs, renovations, and infrastructure projects, with $25,000,000 for community and junior colleges distributed among all 15 institutions.

Authorizes additional general obligation bonds for economic development and infrastructure purposes, including $20,000,000 for the Local System Bridge Replacement and Rehabilitation Program, $3,640,000 for the Water Pollution Control Revolving Fund, $10,000,000 each for the ACE Fund and the Mississippi Existing Industry Productivity Loan Fund, and $5,000,000 for the newly created Mississippi Railroad Improvements Fund.

Increases existing bond authorization caps for several programs: Economic Development Highway Act bonds increased by $60,000,000 (to $357,500,000), Mississippi Industry Incentive Financing Revolving Fund bonds increased by $73,000,000 (to $293,000,000), and Mississippi Business Investment Act bonds increased from $323,100,000 to $331,500,000.

Authorizes smaller bond issuances for specific projects including $1,300,000 for the Jackson Zoo, $750,000 for the Mississippi FFA Center in Raymond, $1,250,000 for the Mississippi Community Heritage Preservation Grant Fund, $5,600,000 for a children's museum in Hinds County, and $1,750,000 for the Small Municipalities and Limited Population Counties Fund.

Includes numerous non-bond provisions such as exempting military housing privatization units from ad valorem taxation, reenacting the Mississippi Delta Area Workforce Training Project through July 1, 2016, designating the Mississippi Development Authority to implement the federal State Small Business Credit Initiative, and authorizing MDA to sell tourism advertising through its website.