Senate Bill 3047 Summary

• Appropriates $50,960,148.00 from the Gulf Coast Restoration Fund to the Mississippi Development Authority for fiscal year 2024 for projects benefiting local governments, nonprofits, educational institutions, ports, airports, and economic development entities across the Gulf Coast region.

• Reappropriates $35,461,356.00 for previously authorized projects under SB 3049 (2022) including downtown redevelopment in Gulfport, Pass Christian, Pascagoula, and Biloxi; marina projects; and technology park development.

• Reappropriates $49,465,318.00 for additional prior-year projects including Mississippi Cyber Center design and construction ($13,500,000), University of Southern Mississippi Ocean Enterprise ($4,500,000), and various educational and infrastructure initiatives.

• Reappropriates $31,888,371.00 for projects meeting Gulf Coast Restoration Fund criteria including Port of Pascagoula North Rail Connector ($6,600,000), Institute for Marine Mammal Studies facilities ($3,000,000), and medical office complex development.

• Reappropriates $5,500,000.00 for the Air Service Development Incentive Program ($2,500,000) and Quality of Place Incentives Program ($3,000,000), with $1,000,000 designated for developing a South Mississippi defense and space industry strategy.