House Bill 93 Summary

• Creates the "Smart State Act" establishing two grant programs administered by state agencies to fund technology improvements in municipalities and healthcare entities

• Authorizes issuance of $50,000,000 in general obligation bonds through the Mississippi Development Authority for municipal grants covering law enforcement, public safety, traffic control, transportation systems, and infrastructure technology improvements; maximum grant per municipality is $3,000,000 or 75% of project cost

• Authorizes issuance of $30,000,000 in general obligation bonds through the State Department of Health for grants to hospitals, community health clinics, and federally qualified health centers to improve healthcare service availability through technology; maximum grant per entity is $3,000,000 or 75% of project cost

• Creates two special state treasury funds (Municipalities Technology Improvements Fund and Mississippi Health Care Technology Improvements Fund) to receive bond proceeds and grant applications, with unexpended amounts not lapsing and investment earnings credited to respective funds

• Bond issuance authority expires July 1, 2024; bonds mature within 25 years and are backed by full faith and credit of the State of Mississippi