SB 3046 Summary

• Authorizes $60 million in state general obligation bonds for the Local System Bridge Replacement and Rehabilitation Fund to repair and rehabilitate local bridges.

• Establishes a $20 million grant program administered by the Mississippi Development Authority to help municipalities and counties repair roads, streets, and bridges, with matching fund requirements.

• Creates the Strategic Infrastructure Investment Fund and Economic Development and Emergency Bridge Repair Fund, funded by general fund appropriations and new motor fuel taxes on electric, hybrid, and hydrogen vehicles.

• Increases authorized bonds for the Local Governments and Rural Water Systems Improvements Revolving Loan Fund by $3 million and authorizes $5 million for water pollution control projects.

• Authorizes additional bonds for specific infrastructure projects including railroad improvements ($7.5 million increase), water system improvements at Alcorn State University, Highway 16 widening in Kemper County, and multiple county and municipal road and bridge projects across Mississippi.