Bill > SB3052

This bill appropriates and reappropriates funds from the Gulf Coast Restoration Fund to the Mississippi Development Authority (MDA) for fiscal year 2026, totaling approximately $123.8 million. The bill authorizes spending on a wide variety of local and regional development projects across several Mississippi Gulf Coast counties, including infrastructure improvements, economic development initiatives, cultural center renovations, educational facilities, and technology park developments. The funds are designated for specific projects such as the Mississippi Cyber Center, downtown redevelopment efforts in cities like Gulfport and Pascagoula, marina improvements, road and transportation infrastructure, educational facilities at universities and community colleges, and support for various local economic development efforts. The bill includes provisions that limit expenditures to the unexpended balance from previous fiscal years and maintains the original purpose of the authorized funds. Additionally, two specific programs are funded: the Air Service Development Incentive Program and the Quality of Place Incentives Program, with the latter including $1 million specifically allocated for developing a South Mississippi defense and space industry strategy to help small companies compete for defense-related contracts.

Budget and Finance

https://billstatus.ls.state.ms.us/2025/pdf/history/SB/SB3052.xml