MS SB2493

Repeals $30 million in previously authorized general obligation bonds for the ACE Fund (from 2020 and 2021 legislation).

Reduces bond authorization for various higher education and community college capital projects by a total of approximately $119.6 million, replacing them with direct cash transfers from the Capital Expense Fund totaling $19.73 million to two new funds (2024 IHL Capital Projects Fund and 2024 Community Colleges Capital Projects Fund).

Reduces bond authorization under the Mississippi Major Economic Impact Authority program by $85 million total ($20 million, $60 million, and $5 million for three specific project categories).

Reduces bond authorization for the Department of Wildlife, Fisheries and Parks Improvements Fund by $18,627 and for the Mississippi Civil Rights Museum by $3,377.

Repeals $4 million in bond authorization for the Grand Gulf Access Road Construction Fund and eliminates $140 million in authorized borrowing under the Mississippi Small Enterprise Development Finance Act.