Senate Bill 2857 Summary

• Authorizes $8,000,000 in general obligation bonds for repairs and renovations at Mississippi's eight state universities, allocated at $1,000,000 per institution, with funds disbursed through the 2016 IHL Repair and Renovation Fund.

• Authorizes $1,000,000 in general obligation bonds for community and junior college capital improvements, distributed among 15 community and junior colleges as specified in the bill.

• Authorizes $1,000,000 in general obligation bonds for the ACE Fund and $1,000,000 for the Mississippi Development Authority Workforce Training Fund.

• Increases the aggregate bond authorization for the Mississippi Business Investment Act from $346,500,000 to $347,500,000 and increases the equipment and public facilities grant and loan fund authorization from $55,100,000 to $56,100,000.

• Increases authorization for the Mississippi Major Economic Impact Act for military base closure-related projects from $63,000,000 to $64,000,000 and authorizes an additional $1,000,000 in bonds for the Economic Development Highway Act.