MS SB2700

Extends the repealer date from July 1, 2022 to July 1, 2025 for the provision allowing the Board of Trustees of State Institutions of Higher Learning to administer construction and maintenance projects funded by state general obligation bonds at designated capable institutions

Establishes the Mississippi Association of Independent Colleges and Universities (MAICU) Infrastructure Grant Program funded by federal American Rescue Plan Act (ARPA) Coronavirus State Fiscal Recovery Funds

Makes seven private institutions eligible for grants: Belhaven University, Blue Mountain College, Millsaps College, Mississippi College, Rust College, Tougaloo College, and William Carey University, with funds distributed based on pro rata share of full-time equivalent students

Prioritizes grant funding for water, wastewater, and stormwater projects; broadband infrastructure; capital investments for COVID-19 prevention and ventilation in congregate living facilities; and other ARPA-eligible projects

Allows the Department of Finance and Administration to retain up to $200,000 for administrative costs, requires annual reporting to the Joint Legislative Budget Committee, and sets grant availability through December 31, 2026 with the program repealing July 1, 2026