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MS SB2832

Bill

Status

Passed

3/11/2022

Primary Sponsor

Josh Harkins

Click for details

Origin

Senate

2022 Regular Session

AI Summary

  • Amends Chapter 480, Laws of 2021, to expand the authorized uses of $15,000,000 in bond proceeds allocated to Mississippi State University for the College of Architecture, Art and Design

  • Original language limited funds to "Phase I of construction, furnishing and equipping of a new building"; revised language allows for "repair, renovation, construction, acquisition of property, furnishing and equipping of related facilities"

  • Part of the 2021 IHL Capital Improvements Fund totaling $86,375,000 for capital improvements across Mississippi's state universities

  • Bonds must be issued by July 1, 2025 and mature within 25 years, with unused funds after 4 years requiring an accounting to the State Bond Commission

  • Other university allocations in the fund remain unchanged, including projects at Alcorn State, Delta State, Jackson State, Ole Miss, Southern Miss, and others

Legislative Description

Bonds; revise uses of IHL bond proceeds for Mississippi State University College of Architecture, Art and Design.

Last Action

Approved by Governor

3/11/2022

Committee Referrals

Ways and Means2/3/2022
Finance1/17/2022

Full Bill Text

No bill text available