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Bill > HB96


MS HB96

MS HB96
IHLs and community and junior colleges; increase spending authority on repair, renovations and improvement projects to $10,000,000.00.


summary

Introduced
01/10/2025
In Committee
01/10/2025
Crossed Over
Passed
Dead
02/04/2025

Introduced Session

2025 Regular Session

Bill Summary

An Act To Amend Section 29-17-4, Mississippi Code Of 1972, To Increase The Spending Authority Of State Institutions Of Higher Learning And Community And Junior Colleges For The Purpose Of Repair, Renovation And Improvements, Including Utility Infrastructure Projects To $10,000,000.00; And For Related Purposes.

AI Summary

This bill amends Section 29-17-4 of the Mississippi Code to increase the spending limit for repair, renovation, and improvement projects by state agencies from $1,000,000 to $10,000,000. Specifically, the bill modifies the State Agency Repair and Renovation Fund, which is a special fund in the State Treasury used for maintaining and upgrading existing state-owned facilities. The fund can be used for various types of improvements, including utility infrastructure projects, HVAC system upgrades, and replacement of furniture and equipment. The bill does not apply to facilities under the control of institutions of higher learning or community and junior colleges. The change will allow state agencies more financial flexibility to undertake larger repair and renovation projects, with the new maximum project cost set at $10 million. The amendment will take effect on July 1, 2025, giving state agencies and financial administrators time to prepare for the increased spending authority.

Committee Categories

Education

Sponsors (1)

Last Action

Died In Committee (on 02/04/2025)

bill text


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