House Bill 1983 Summary

• Authorizes issuance of $20,000,000 in general obligation bonds for the ACE Fund and increases bond authority by $5,000,000 for the Mississippi Business Investment Act and $5,000,000 for the Mississippi Major Economic Impact Act.

• Increases bond authorization by $5,000,000 for Economic Development Highway Act and $10,000,000 for Mississippi Industry Incentive Financing Revolving Fund; reduces authorization by $60,000,000 and $5,000,000 for specified projects and removes authorization for one project category.

• Authorizes $3,000,000 in bonds for Hinds County courthouse repairs and $13,900,000 for Gulf Coast passenger rail restoration matching funds; establishes Small Unmanned Aircraft System Manufacturer Grant Fund with $500,000 transfer and Secretary of State Land Improvement Fund with $13,000,000 transfer.

• Revises bond use purposes for University of Southern Mississippi capital projects and City of Starkville infrastructure (including wastewater treatment plant); extends Chickasaw Heritage Center Fund bond issuance deadline to July 1, 2028; modifies Oxford intersection project to fund Commonwealth Boulevard and Pegues Road extension.

• Reduces Hinds County Development Project Loan Fund bond authorization from $50,000,000 to $47,000,000; transfers $12,000,000 from General Fund to Mississippi Outdoor Stewardship Trust Fund and directs Attorney General to enforce land conveyance conditions for Jackson property.