Bill > SB2917

This bill revises how funds previously allocated for capital improvements at Mississippi's public universities are used, specifically by changing the described purpose of certain projects funded from the 2022 IHL Capital Improvements Fund. It also directs the transfer of a small amount of money, specifically one dollar each from the Capital Expense Fund and the Budget Contingency Fund, to the General Fund during fiscal year 2027. The bill amends existing laws from 2023 and 2024 that detail these appropriations for various universities, including projects like renovations, expansions, and construction of new facilities, and clarifies that any excess funds allocated for a specific project can be used for general repairs and renovations at that institution. The Department of Finance and Administration (DFA), through its Bureau of Building, Grounds and Real Property Management, is responsible for disbursing these funds with the approval of the Board of Trustees of State Institutions of Higher Learning (IHL), and can be reimbursed for administrative costs related to these projects, up to 2% of the project's allocated funds. The bill also includes a provision that it will be repealed the day before its passage, which is a common legislative mechanism to ensure a bill is enacted and in effect immediately upon passage.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2917.xml