House Bill 787 Summary

• Authorizes issuance of $92.8 million in state general obligation bonds for capital improvements at Mississippi's eight public universities, with specific allocations to each institution for library renovations, academic buildings, and facility upgrades.

• Authorizes issuance of $23 million in general obligation bonds for capital improvements at Mississippi's community and junior colleges, with amounts distributed among all 15 community college districts.

• Authorizes issuance of bonds for various state projects including $8 million for East Mississippi Community College's Center for Manufacturing Technology Excellence, $14 million for Mississippi Civil Rights Museum and Museum of Mississippi History, $10 million for ACE Fund, and $2.25 million for state parks improvements.

• Increases bonding authority for economic development programs by $10 million for Economic Development Highway Act, $5 million each for Mississippi Business Investment Act grants and equipment/public facilities funds, and $4.9 million for Mississippi Railroad Improvements Fund.

• Extends various tax credit programs, exemptions, and municipal sales tax provisions; amends historic structure rehabilitation tax credits to extend deadline to December 31, 2017; and authorizes municipalities to incur debt for road, water, sewer, and drainage projects funded by special sales taxes.