Senate Bill 2774 Summary

• Authorizes issuance of $86,725,000 in general obligation bonds for capital improvements at Mississippi's eight public universities and higher learning institutions, with allocations to specific projects ranging from $3,650,000 (Alcorn State) to $13,530,000 (University of Mississippi).

• Authorizes $42,500,000 in bonds for state agency capital improvements, including $20,000,000 for Department of Public Safety headquarters planning and $17,500,000 for Department of Finance and Administration projects including Capitol restoration.

• Authorizes $35,000,000 in bonds for community and junior college capital improvements distributed among 16 institutions, with amounts ranging from $1,615,000 to $3,925,000.

• Increases authorization limits for economic development bond programs: $3,000,000 for Mississippi Site Development Grant Fund, $20,000,000 for ACE Fund, $10,000,000 increase for Mississippi Business Investment Act, $3,000,000 increase for Economic Development Highway Act, and $3,000,000 increase for Mississippi Major Economic Impact Act.

• Authorizes $1,000,000 in bonds to assist Chickasaw Inkana Foundation in constructing the Chickasaw Heritage Center in Tupelo; all bonds must be issued by July 1, 2024.