Mississippi Senate Bill 2534 Summary

• Authorizes $3,000,000 in state general obligation bonds for the Mississippi Site Development Grant Fund to support industrial property improvements and site development costs through grants to eligible entities.

• Authorizes $50,000,000 in state general obligation bonds for the ACE Fund (economic development program).

• Increases by $20,000,000 the total amount of general obligation bonds authorized under the Mississippi Business Investment Act, from $362,500,000 to $382,500,000.

• Increases from $71,000,000 to $74,000,000 the amount of general obligation bonds authorized under the Mississippi Major Economic Impact Act for military installation-related projects.

• Increases by $10,000,000 the bonds authorized under the Economic Development Highway Act and extends the Mississippi Industry Incentive Financing Revolving Fund bond issuance deadline from July 1, 2017 to July 1, 2025.