HB 1583 Summary

• Authorizes issuance of $10,000,000 in general obligation bonds for the ACE Fund, $4,000,000 for the Mississippi Job Protection Act Fund, $2,000,000 for the Mississippi Rural Impact Fund, and $4,000,000 for the Mississippi Development Authority Workforce Training Fund, with all bonds to be issued by July 1, 2017.

• Increases the authorization limit for general obligation bonds under the Mississippi Business Investment Act from $331,500,000 to $341,500,000.

• Increases the amount available for equipment and public facilities grants and loans from $40,100,000 to $50,100,000 under the Mississippi Business Investment Act.

• Increases the authorization limit for general obligation bonds under the Mississippi Major Economic Impact Act from $61,000,000 to $66,000,000 for projects related to military facilities at risk of closure or no longer operated by armed services.