HB 1734 Summary

• Authorizes $8,450,000 in general obligation bonds for repairs and renovations at eight state universities and one IHL facility, distributed equally at $1,000,000 each.

• Authorizes $1,000,000 in general obligation bonds for community and junior college capital improvements, distributed among 16 colleges based on specified amounts ranging from $46,181 to $112,337.

• Authorizes $45,000,000 in general obligation bonds for state shipyard improvements in Jackson County, conditioned on the shipyard lessee incurring at least $90,000,000 in capital improvements and maintaining minimum job requirements.

• Authorizes additional bonds for Highway Safety Patrol substation in Starkville ($1,000,000), state parks repairs ($1,000,000), watershed repair program ($1,000,000), community heritage preservation grants ($1,000,000), ABC warehouse improvements ($1,000,000), and water pollution control matching funds ($1,000,000).

• Amends existing law to allow bond proceeds to support the Mississippi Watershed Repair and Rehabilitation Cost-Share Program and the Mississippi Community Heritage Preservation Grant Fund, with all bonds to be issued by July 1, 2021.