Senate Bill 3052 Summary

• Appropriates and reappropriates Gulf Coast Restoration Fund money to the Mississippi Development Authority for fiscal year 2026 (July 1, 2025 - June 30, 2026), totaling approximately $123.8 million across multiple sections.

• Reauthorizes expenditure of previously appropriated Gulf Coast Restoration funds from Senate Bill 3057 (2024) for continued implementation of regional projects including infrastructure, economic development, and redevelopment initiatives across coastal Mississippi.

• Allocates funds to specific projects across coastal communities including Gulfport ($13.9 million total), Pascagoula ($6.7 million), Long Beach ($4.5 million), and numerous other municipalities for commercial districts, harbor restoration, redevelopment, and industrial parks.

• Dedicates $2.5 million for the Air Service Development Incentive Program and $1.814 million for the Quality of Place Incentives Program; reserves $1 million for developing a South Mississippi defense and space industry strategy.

• Becomes effective July 1, 2025, with expenditures limited to unexpended balances from prior fiscal years and restricted to original authorized purposes.