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MS SB2832
Bill
AI Summary
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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
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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"
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Part of the 2021 IHL Capital Improvements Fund totaling $86,375,000 for capital improvements across Mississippi's state universities
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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
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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