Senate Bill 2844 Summary

• Authorizes issuance of $10,000,000 in state 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 maximum amount of general obligation bonds authorized under the Mississippi Business Investment Act from $331,500,000 to $341,500,000.

• Increases the amount of bond proceeds the Mississippi Development Authority may use for equipment and public facilities grants and loans from $40,100,000 to $50,100,000 for infrastructure improvements and public facility construction or repair.

• Increases the maximum amount of general obligation bonds authorized under the Mississippi Major Economic Impact Act from $61,000,000 to $66,000,000 for projects enhancing facilities at risk under base closure laws or related to military facilities no longer operated by federal or state military services.