AN ACT TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS IN THE AMOUNT OF $20,000,000 FOR THE ACE FUND; TO AMEND SECTION 57-61-25, MISSISSIPPI CODE OF 1972, TO INCREASE BY $5,000,000 THE AMOUNT OF GENERAL OBLIGATION BONDS THAT MAY BE ISSUED UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT; TO AMEND SECTION 57-61-36, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF BOND PROCEEDS THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY UTILIZE UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT TO MAKE GRANTS OR LOANS TO MUNICIPALITIES THROUGH AN EQUIPMENT AND PUBLIC FACILITIES GRANT AND LOAN FUND TO AID IN INFRASTRUCTURE-RELATED IMPROVEMENTS, THE PURCHASE OF EQUIPMENT, AND THE PURCHASE, CONSTRUCTION OR REPAIR AND RENOVATION OF PUBLIC FACILITIES; TO AMEND SECTION 57-75-15, MISSISSIPPI CODE OF 1972, TO INCREASE BY $5,000,000 THE AMOUNT OF GENERAL OBLIGATION BONDS THAT MAY BE ISSUED UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT FOR PROJECTS DESIGNED TO ENHANCE FACILITIES THAT ARE AT RISK FOR CLOSURE PURSUANT TO THE DEFENSE BASE REALIGNMENT AND CLOSURE ACT OF 1990 OR OTHER APPLICABLE FEDERAL LAW; TO REDUCE BY $60,000,000 AND $5,000,000 THE AMOUNTS OF STATE GENERAL OBLIGATION BONDS AUTHORIZED TO BE ISSUED FOR PROJECTS DEFINED IN SUBPARAGRAPHS (XXVIII) AND (XXX), RESPECTIVELY, OF SECTION 57-75-5(F); TO REMOVE THE AMOUNT OF STATE GENERAL OBLIGATION BONDS AUTHORIZED TO BE ISSUED FOR PROJECTS DEFINED IN SUBPARAGRAPH (XXVI) OF SECTION 57-75-5(F); TO AMEND SECTION 57-75-25, MISSISSIPPI CODE OF 1972, TO REDUCE BY $50,000,000 THE AMOUNT OF STATE GENERAL OBLIGATION BONDS AUTHORIZED TO BE ISSUED UNDER THE MISSISSIPPI SMALL ENTERPRISE DEVELOPMENT FINANCE ACT; TO AMEND SECTION 65-4-25, MISSISSIPPI CODE OF 1972, TO INCREASE BY $5,000,000 THE AMOUNT OF BONDS AUTHORIZED TO BE ISSUED UNDER THE ECONOMIC DEVELOPMENT HIGHWAY ACT; TO AMEND SECTION 25, CHAPTER 533, LAWS OF 2010, AS LAST AMENDED BY SECTION 14, CHAPTER 480, LAWS OF 2021, TO INCREASE BY $10,000,000 THE AMOUNT OF GENERAL OBLIGATION BONDS THAT MAY BE ISSUED FOR THE MISSISSIPPI INDUSTRY INCENTIVE FINANCING REVOLVING FUND; TO AMEND SECTION 1, CHAPTER 492, LAWS OF 2020, AS AMENDED BY SECTION 4, CHAPTER 480, LAWS OF 2021, TO REVISE THE PURPOSES FOR WHICH THE PROCEEDS OF BONDS AUTHORIZED TO BE ISSUED FOR THE STATE INSTITUTIONS OF HIGHER LEARNING FOR A CAPITAL PROJECT AT THE UNIVERSITY OF SOUTHERN MISSISSIPPI MAY BE USED; TO AMEND SECTION 1, CHAPTER 480, LAWS OF 2021, AS AMENDED BY SECTION 1, CHAPTER 328, LAWS OF 2022, AND BY SECTION 32, CHAPTER 549, LAWS OF 2023, FOR THE SAME PURPOSE; TO AMEND SECTION 10, CHAPTER 567, LAWS OF 2013, AS LAST AMENDED BY SECTION 1, CHAPTER 372, LAWS OF 2022, TO REDUCE THE AMOUNT OF STATE GENERAL OBLIGATION BONDS AUTHORIZED TO BE ISSUED FOR THE HINDS COUNTY DEVELOPMENT PROJECT LOAN FUND; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST HINDS COUNTY, MISSISSIPPI, IN PAYING COSTS ASSOCIATED WITH THE REPAIR AND RENOVATION OF AND UPGRADES AND IMPROVEMENTS TO THE HINDS COUNTY COURTHOUSE LOCATED IN THE CITY OF JACKSON; TO AMEND SECTION 23, CHAPTER 492, LAWS OF 2020, WHICH AUTHORIZES THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE MISSISSIPPI COMMUNITY HERITAGE PRESERVATION GRANT FUND, TO EXTEND THE TIME WITHIN WHICH THE BONDS MAY BE ISSUED; TO AMEND SECTION 80, CHAPTER 492, LAWS OF 2020, TO REVISE THE PURPOSES FOR WHICH THE PROCEEDS OF BONDS AUTHORIZED TO BE ISSUED TO ASSIST THE MISSISSIPPI TRANSPORTATION COMMISSION AND THE MISSISSIPPI DEPARTMENT OF TRANSPORTATION IN PAYING THE COSTS ASSOCIATED WITH INFRASTRUCTURE UPGRADES TO IMPROVE THE CAPACITY AND SAFETY OF THE INTERSECTION OF MISSISSIPPI HIGHWAY 7 AND UNIVERSITY AVENUE IN OXFORD, MISSISSIPPI, MAY BE USED; TO PROVIDE THAT THE PROCEEDS OF THE BONDS MAY BE USED TO ASSIST THE MISSISSIPPI TRANSPORTATION COMMISSION AND THE MISSISSIPPI DEPARTMENT OF TRANSPORTATION IN PAYING THE COSTS ASSOCIATED WITH EXTENDING AND CONNECTING COMMONWEALTH BOULEVARD AND PEGUES ROAD; TO PROVIDE THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY SHALL ESTABLISH A PROGRAM TO PROVIDE GRANTS TO ASSIST CERTAIN MANUFACTURERS OF SMALL UNMANNED AIRCRAFT SYSTEMS IN PAYING COSTS ASSOCIATED WITH RESEARCH AND DEVELOPMENT TO EXPAND SMALL UNMANNED AIRCRAFT SYSTEMS MANUFACTURING CAPABILITIES IN MISSISSIPPI; TO PROVIDE AN APPLICATION PROCESS FOR ENTITIES WHO DESIRE TO PARTICIPATE IN THE GRANT PROGRAM; TO CREATE THE "SMALL UNMANNED AIRCRAFT SYSTEM MANUFACTURER GRANT FUND" AS A SPECIAL FUND IN THE STATE TREASURY; TO PROVIDE THAT MONIES IN THE FUND SHALL BE DISBURSED, UPON APPROPRIATION BY THE LEGISLATURE, IN THE DISCRETION OF THE MISSISSIPPI DEVELOPMENT AUTHORITY, TO PROVIDE GRANTS AUTHORIZED IN THIS ACT; TO TRANSFER $500,000 FROM THE 2023 LOCAL IMPROVEMENTS PROJECTS FUND TO THE SMALL UNMANNED AIRCRAFT SYSTEM MANUFACTURER GRANT FUND; TO AMEND SECTION 124, CHAPTER 480, LAWS OF 2021, TO REVISE THE PURPOSES FOR WHICH THE PROCEEDS OF BONDS AUTHORIZED TO BE ISSUED TO ASSIST THE CITY OF STARKVILLE, MISSISSIPPI, WITH CERTAIN ROAD PROJECTS MAY BE USED; TO PROVIDE THAT THE PROCEEDS OF THE BONDS MAY BE USED TO ASSIST THE CITY OF STARKVILLE IN PAYING COSTS ASSOCIATED WITH REPAIRS, UPGRADES AND IMPROVEMENTS TO THE CITY'S ERNEST E. JONES WASTEWATER TREATMENT PLANT AND RELATED INFRASTRUCTURE AND FACILITIES; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE GULF COAST PASSENGER RAIL RESTORATION MATCH FUND WHICH IS CREATED IN THIS ACT; TO PROVIDE THAT MONIES IN THE FUND SHALL BE USED TO PAY THE STATE OF MISSISSIPPI'S SHARE OF MATCHING FUNDS FOR ANY CONSOLIDATED RAIL INFRASTRUCTURE AND SAFETY IMPROVEMENTS (CRISI) GRANT FOR THE PAYMENT OF COSTS ASSOCIATED WITH IMPROVEMENTS TO TRACK, SIDING, SWITCHES, INTERLOCKING, YARDS, GRADE CROSSINGS AND OTHER CAPITAL IMPROVEMENTS AND RELATED ADMINISTRATIVE AND CONTINGENCY COSTS NECESSARY TO RESTORE PASSENGER RAIL SERVICE ALONG THE MISSISSIPPI GULF COAST IN MISSISSIPPI IN HANCOCK, HARRISON AND JACKSON COUNTIES; TO PROVIDE THAT THE SECRETARY OF STATE SHALL ESTABLISH A PROGRAM TO PROVIDE GRANTS TO ASSIST PERSONS AND OTHER ENTITIES IN PAYING COSTS ASSOCIATED WITH MAKING IMPROVEMENTS TO STATE LAND; TO PROVIDE AN APPLICATION PROCESS FOR PERSONS AND OTHER ENTITIES WHO DESIRE TO PARTICIPATE IN THE GRANT PROGRAM; TO CREATE THE "SECRETARY OF STATE LAND IMPROVEMENT FUND" AS A SPECIAL FUND IN THE STATE TREASURY AND TO PROVIDE THAT MONIES IN THE SPECIAL FUND SHALL BE EXPENDED BY THE SECRETARY OF STATE, UPON APPROPRIATION BY THE LEGISLATURE, TO PROVIDE GRANTS AUTHORIZED UNDER THIS ACT; TO TRANSFER $13,000,000 FROM THE CAPITAL EXPENSE FUND TO THE SECRETARY OF STATE LAND IMPROVEMENT FUND; TO AMEND SECTION 15, CHAPTER 492, LAWS OF 2020, AS AMENDED BY SECTION 5, CHAPTER 480, LAWS OF 2021, TO EXTEND THE PERIOD OF TIME IN WHICH STATE GENERAL OBLIGATION BONDS MAY BE ISSUED FOR THE 2020 CHICKASAW HERITAGE CENTER FUND; TO DIRECT THE STATE TREASURER TO TRANSFER A CERTAIN AMOUNT FROM THE 2023 LOCAL IMPROVEMENTS PROJECTS FUND TO THE SMALL UNMANNED AIRCRAFT SYSTEM MANUFACTURER GRANT FUND; TO DIRECT THE STATE TREASURER TO TRANSFER A CERTAIN AMOUNT FROM THE STATE GENERAL FUND TO THE MISSISSIPPI OUTDOOR STEWARDSHIP TRUST FUND; TO CREATE THE "SECRETARY OF STATE LAND IMPROVEMENT FUND," AS A SPECIAL FUND IN THE STATE TREASURY AND TO PROVIDE THE PURPOSES FOR WHICH MONIES IN THE FUND MAY BE USED; TO DIRECT THE STATE TREASURER TO TRANSFER A CERTAIN AMOUNT FROM THE CAPITAL EXPENSE FUND TO THE SECRETARY OF STATE LAND IMPROVEMENT FUND; TO REQUIRE THE ATTORNEY GENERAL TO TAKE NECESSARY ACTIONS TO DETERMINE COMPLIANCE WITH THE CONDITIONS OF USE OF A LAND CONVEYANCE RELATING TO CERTAIN PUBLIC LANDS WITHIN THE CITY OF JACKSON, MISSISSIPPI, AND TO ENFORCE THE TERMS OF THE INSTRUMENT OF CONVEYANCE UPON A DETERMINATION OF A VIOLATION OF THE ORIGINAL SPECIFIED PURPOSES; TO DIRECT THE STATE TREASURER TO TRANSFER A CERTAIN AMOUNT FROM THE CAPITAL EXPENSE FUND TO THE 2024 LOCAL IMPROVEMENTS PROJECTS FUND; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 49-17-85
As Passed by the House: 49-17-85
Approved by the Governor: 57-61-25, 57-61-36, 57-75-15, 57-71-25, 65-4-25