MS SB2518

Board of Trustees of State Institutions of Higher Learning must develop and report policies, procedures, and recommended legislative changes to promote public-private partnerships for long-term leases of buildings, housing, parking garages, dining halls, and retail spaces by October 1, 2025.

Increases the amount of available bond funds the Department of Finance and Administration can transfer to each community college requesting exemption from DFA control from $1,000,000 to $3,000,000 for repair, renovation, and improvement of existing facilities, utility infrastructure, HVAC systems, and furniture/equipment replacement.

Community colleges receiving transferred funds must comply with all applicable statutes related to purchasing for facility repairs, renovations, and improvements.

The authorization for transferring $3,000,000 in bond funds to community colleges expires July 1, 2028.