Bill > HB409

This bill provides a $300 million appropriation from the State General Fund to the Board of Trustees of State Institutions of Higher Learning, specifically allocating equal funding amounts ($100 million each) to three historically Black universities in Mississippi: Jackson State University (JSU), Alcorn State University (ASU), and Mississippi Valley State University (MVSU). The purpose of this funding is to support restorations and renovations on projects that have been pending legislative approval for over two years, with the appropriation covering the fiscal year from July 1, 2025, to June 30, 2026. The bill specifies that the State Treasurer will disburse the funds through warrants issued by the State Fiscal Officer upon proper requisitions, and the appropriation will take effect on July 1, 2025. This legislation aims to address long-standing infrastructure and facility improvement needs at these state universities by providing substantial financial resources for their renovation projects.

Budget and Finance

https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB0409.xml