MS SB2967

Authorizes issuance of $10,000,000 in state general obligation bonds for the ACE Fund, with proceeds deposited into the ACE Fund created under Section 57-1-16 and bonds to be issued by July 1, 2018.

Increases by $5,000,000 the maximum amount of general obligation bonds that may be issued under the Mississippi Business Investment Act, raising the total authorization from $341,500,000 to $346,500,000.

Increases by $5,000,000 the bond proceeds available for the Mississippi Development Authority to make grants or loans through an equipment and public facilities fund, raising the total from $50,100,000 to $55,100,000 for infrastructure improvements, equipment purchases, and facility construction or renovation.

Increases by $10,000,000 the maximum amount of general obligation bonds that may be issued under the Economic Development Highway Act, raising the total authorization from $357,500,000 to $367,500,000.

Removes time-limited provisions and notice requirements for bond sales under the Economic Development Highway Act, allowing the State Bond Commission to negotiate bond sales without public sealed bid requirements rather than requiring publication notices.