Senate Bill 2725 Summary

• Authorizes issuance of $5,000,000 in general obligation bonds for the ACE Fund (Section 57-1-16), with proceeds to be used solely for purposes specified in that program and bonds to mature within 25 years.

• Authorizes issuance of $4,000,000 in general obligation bonds for the Mississippi Job Protection Act Fund (Section 57-95-1) and $2,000,000 for the Mississippi Rural Impact Fund (Section 57-85-5), each with similar terms and 25-year maturity limits.

• Authorizes issuance of $5,000,000 in general obligation bonds for the Mississippi Existing Industry Productivity Loan Fund (Section 57-93-1) with proceeds deposited into that fund.

• Increases the aggregate amount of general obligation bonds authorized under the Mississippi Business Investment Act from $331,500,000 to $346,500,000 and increases bond proceeds available for equipment and public facilities grants and loans from $40,100,000 to $55,100,000.

• Increases by $40,000,000 the amount of general obligation bonds authorized under the Economic Development Highway Act, raising the principal amount limit to $397,500,000.