Senate Bill 3006 Summary

• Appropriates $381,386,138 from the State General Fund and $1,206,950,481 from federal and special source funds to the Board of Trustees of State Institutions of Higher Learning for support of eight universities (Alcorn State, Delta State, Jackson State, Mississippi State, Mississippi University for Women, Mississippi Valley State, University of Mississippi, and University of Southern Mississippi) for fiscal year 2025.

• Allocates $1,500,000 from the Ayers Endowment Interest Fund for Alcorn State University ($424,500), Jackson State University ($651,000), and Mississippi Valley State University ($424,500).

• Provides targeted funding for specific programs and initiatives including $145,000 for the Governor's School for the Gifted and Talented, $349,200 for the Teacher Corps, $485,000 for Jackson State E-Learning Center, $155,000 for Delta State E-Learning Center, and $900,000 each for University of Southern Mississippi's Children's Center and DuBard School.

• Allocates $12,000,000 from the Capital Expense Fund for construction, repair, and renovation projects across all eight universities, with largest allocations to Mississippi University for Women ($3,460,000) and Alcorn State University ($2,500,000).

• Reappropriates $59,521,403 in unexpended funds from Education Enhancement Fund and Capital Expense Fund from fiscal year 2024 for continued operations and capital projects at the institutions.