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Bill > HB384
MS HB384
MS HB384State institutions of higher learning; create grant program to assist with endowments to recruit and employ certain professors.
summary
Introduced
01/10/2025
01/10/2025
In Committee
01/10/2025
01/10/2025
Crossed Over
Passed
Dead
02/04/2025
02/04/2025
Introduced Session
2025 Regular Session
Bill Summary
An Act To Provide That The Mississippi Development Authority Shall Establish A Program To Provide Grants To State Institutions Of Higher Learning To Assist Such Institutions With Establishing Endowments For The Purpose Of Recruiting And Employing Professors Of Quantum Computing And Professors Of Artificial Intelligence Engineering; To Provide An Application Process For State Institutions Of Higher Learning That Desire To Participate In The Grant Program; To Create The "state Institutions Of Higher Learning Quantum Computing And Artificial Intelligence Engineering Professors 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; And For Related Purposes.
AI Summary
This bill establishes a grant program through the Mississippi Development Authority (MDA) to help state institutions of higher learning create endowments specifically for recruiting and employing professors specializing in quantum computing and artificial intelligence engineering. Institutions interested in receiving grants must submit detailed applications to the MDA, including information about their intended endowment, the number and type of professors they aim to recruit, the funds they have already dedicated to the effort, and the amount of grant funding they are requesting. If approved, the institution will receive a certificate of eligibility. The bill creates a special fund in the state treasury called the "State Institutions of Higher Learning Quantum Computing and Artificial Intelligence Engineering Professors Fund," which will be funded by legislative appropriations and can carry over unexpended amounts and investment earnings from year to year. The MDA will have the authority to develop rules and regulations for implementing the program, and the act will take effect on July 1, 2025, signaling the state's commitment to advancing higher education in emerging technological fields.
Committee Categories
Education
Sponsors (1)
Last Action
Died In Committee (on 02/04/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB0384.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2025/html/HB/0300-0399/HB0384IN.htm |
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