MS SB2972

Authorizes $10,000,000 in general obligation bonds for the Mississippi Site Development Grant Fund to improve publicly owned industrial property through site clearing, grading, drainage, sewer systems, roads, and other infrastructure improvements.

Authorizes $20,000,000 in general obligation bonds for the ACE Fund (Accelerate College and Career Readiness Education) administered by the Mississippi Development Authority.

Increases the Mississippi Business Investment Act bond authorization by $10,000,000 (from $387,500,000 to $397,500,000) and raises the equipment and public facilities grant and loan fund cap by $10,000,000 (from $94,100,000 to $104,100,000) for municipal infrastructure improvements.

Increases bond authorization under the Mississippi Major Economic Impact Act for military base enhancement projects from $77,000,000 to $80,000,000, supporting facilities at risk under the Defense Base Realignment and Closure Act.

Increases Economic Development Highway Act bond authorization by $7,000,000 (from $384,500,000 to $391,500,000) and adds $1,000,000 for high economic benefit projects, while increasing Mississippi Industry Incentive Financing Revolving Fund bonds by $10,000,000 (from $468,000,000 to $478,000,000).