MS HB298

Amends the definition of "improvement projects" in the Capitol Complex Improvement District to include demolition and removal of state-owned structures designated as slum or blight by the Advisory Committee, subject to a 15-day review period by the Department of Finance and Administration.

Establishes a grant program administered by the Department of Finance and Administration to assist developers in acquiring and developing tax-forfeited property within the Capitol Complex Improvement District, with grants capped at 20% of total acquisition and development costs.

Creates the "Capitol Complex Improvement District Tax-Forfeited Property Fund" as a special state treasury fund to hold monies for grant disbursement upon legislative appropriation.

Authorizes the State Bond Commission to issue up to $6,000,000 in general obligation bonds to fund the grant program, with no more than $2,000,000 issued per fiscal year, with bonds maturing within 25 years.

Takes effect July 1, 2024.