MS SB3048

Authorizes $12,000,000 in general obligation bonds for capital improvements at Mississippi's 12 state universities, with $1,000,000 allocated to each institution including Alcorn State, Jackson State, Mississippi State, Ole Miss, and others for building repairs, renovations, and infrastructure improvements

Authorizes $1,000,000 for community and junior college capital improvements distributed among 15 colleges, plus $7,000,000 for state agency projects including $1,000,000 each for the Department of Corrections, Department of Public Safety, Capitol Complex infrastructure, State Fire Academy, Military Department, Mississippi School for the Blind/Deaf, and Mississippi School for the Arts

Increases bonding authority under existing programs: Water Pollution Control Revolving Fund by $1,000,000, Local Governments and Rural Water Systems Improvements Revolving Loan Fund to $30,843,000, Mississippi Business Investment Act to $359,500,000, and Mississippi Major Economic Impact Act base closure projects to $69,000,000

Authorizes local project bonds totaling over $30,000,000 including $9,000,000 for Rockabilly Way (Highway 145) improvements in Lee County, $6,000,000 for City of Gautier water filtration systems, $5,000,000 for Mississippi Gulf Coast Community College STEM building, and $2,600,000 for Pearl River Community College Workforce Development Center

All bonds are general obligation bonds backed by the full faith and credit of the state, maturing within 25 years, tax-exempt in Mississippi, and must be issued before July 1, 2022