Senate Bill 3048

AN ACT TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS FOR THE PURPOSE OF MAKING CAPITAL IMPROVEMENTS FOR STATE INSTITUTIONS OF HIGHER LEARNING; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS FOR THE PURPOSE OF MAKING CAPITAL IMPROVEMENTS FOR COMMUNITY AND JUNIOR COLLEGES; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS FOR THE PURPOSE OF MAKING CAPITAL IMPROVEMENTS FOR STATE AGENCIES; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS IN THE AMOUNT OF $1,000,000.00 TO PROVIDE MATCHING FUNDS FOR FEDERAL FUNDS FOR THE WATER POLLUTION CONTROL REVOLVING FUND; TO AMEND SECTION 49-17-85, MISSISSIPPI CODE OF 1972, TO AUTHORIZE INTEREST AND INVESTMENT EARNINGS ON MONEY IN THE WATER POLLUTION CONTROL REVOLVING FUND TO BE UTILIZED TO PAY DEBT SERVICE ON THE BONDS AUTHORIZED TO BE ISSUED BY THIS ACT; TO AMEND SECTIONS 6 THROUGH 20, CHAPTER 521, LAWS OF 1995, AS LAST AMENDED BY SECTION 35, CHAPTER 569, LAWS OF 2013, TO INCREASE FROM $29,843,000.00 TO $30,843,000.00 THE AMOUNT OF STATE GENERAL OBLIGATION BONDS AUTHORIZED TO BE ISSUED FOR THE LOCAL GOVERNMENTS AND RURAL WATER SYSTEMS IMPROVEMENTS REVOLVING LOAN FUND; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR CAPITAL IMPROVEMENTS AT THE STATE-OWNED SHIPYARD LOCATED IN JACKSON COUNTY, MISSISSIPPI; TO PROVIDE THAT THE ISSUANCE OF SUCH BONDS SHALL BE CONDITIONED ON THE LESSEE INCURRING A CERTAIN AMOUNT OF DEBT AND/OR DEDICATING A CERTAIN AMOUNT OF FUNDS FOR CAPITAL IMPROVEMENTS, CAPITAL INVESTMENTS OR CAPITAL UPGRADES TO SHIPYARDS IN MISSISSIPPI OWNED OR LEASED BY SUCH LESSEE; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS IN THE AMOUNT OF $1,000,000.00 FOR THE ACE FUND; TO AMEND SECTION 57-61-25, MISSISSIPPI CODE OF 1972, TO INCREASE BY $1,000,000.00 THE AMOUNT OF GENERAL OBLIGATION BONDS THAT MAY BE ISSUED UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT; TO AMEND SECTION 57-61-36, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF BOND PROCEEDS THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY UTILIZE UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT TO MAKE GRANTS OR LOANS TO COUNTIES AND MUNICIPALITIES THROUGH AN EQUIPMENT AND PUBLIC FACILITIES GRANT AND LOAN FUND TO AID IN INFRASTRUCTURE-RELATED IMPROVEMENTS, THE PURCHASE OF EQUIPMENT AND IN THE PURCHASE, CONSTRUCTION OR REPAIR AND RENOVATION OF PUBLIC FACILITIES; TO AMEND SECTION 57-75-15, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $68,000,000.00 TO $69,000,000.00 THE AMOUNT OF GENERAL OBLIGATION BONDS THAT MAY BE ISSUED UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT FOR PROJECTS DESIGNED TO ENHANCE FACILITIES THAT ARE AT RISK FOR CLOSURE PURSUANT TO THE BASE CLOSURE AND REALIGNMENT ACT OF 1991 OR OTHER APPLICABLE FEDERAL LAW; TO EXTEND THE REVERTER ON THE PROVISIONS THAT AUTHORIZE THE STATE BOND COMMISSION TO NEGOTIATE THE SALE OF BONDS ISSUED UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT; TO AUTHORIZE THE ISSUANCE OF $1,000,000.00 OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE MISSISSIPPI SITE DEVELOPMENT GRANT FUND; TO AMEND SECTION 57-1-701, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A PORTION OF THE PROCEEDS OF CERTAIN BONDS MAY BE USED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY TO REIMBURSE CERTAIN COSTS RELATED TO THE ADMINISTRATION OF THE FUND; TO AMEND SECTION 8, CHAPTER 580, LAWS OF 2007, TO REVISE THE PURPOSES FOR WHICH BONDS AUTHORIZED TO BE ISSUED FOR THE JOHN C. ROBINSON MISSISSIPPI AVIATION MUSEUM FUND MAY BE UTILIZED; TO AMEND SECTION 1, CHAPTER 511, LAWS OF 2016, TO REVISE THE PURPOSES FOR WHICH THE PROCEEDS OF BONDS AUTHORIZED TO BE ISSUED FOR CAPITAL IMPROVEMENTS AT JACKSON STATE UNIVERSITY MAY BE USED; TO BRING FORWARD SECTIONS 27-69-13 AND 27-69-75, MISSISSIPPI CODE OF 1972, WHICH RELATE TO THE TOBACCO TAX; TO BRING FORWARD SECTION 27-70-5, MISSISSIPPI CODE OF 1972, WHICH RELATES TO THE TOBACCO EQUITY TAX; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO THE MISSISSIPPI DEPARTMENT OF WILDLIFE, FISHERIES AND PARKS TO ASSIST IN PAYING COSTS ASSOCIATED WITH REPAIR TO NATCHEZ TRACE LAKE IN PONTOTOC COUNTY, MISSISSIPPI; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST IN PAYING COSTS ASSOCIATED WITH CONSTRUCTION OF THE PEARL RIVER COMMUNITY COLLEGE WORKFORCE DEVELOPMENT CENTER ON THE CAMPUS OF PEARL RIVER COMMUNITY COLLEGE IN HANCOCK COUNTY, MISSISSIPPI; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS FOR USE BY THE MISSISSIPPI TRANSPORTATION COMMISSION AND THE MISSISSIPPI DEPARTMENT OF TRANSPORTATION FOR IMPROVEMENTS TO ROCKABILLY WAY (MISSISSIPPI HIGHWAY 145) IN LEE COUNTY, MISSISSIPPI; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO ASSIST THE CITY OF SALTILLO, MISSISSIPPI, IN PAYING THE COST OF NECESSARY IMPROVEMENTS AND REPAIRS TO THE CITY'S STORM WATER SYSTEM; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO ASSIST THE TUPELO PUBLIC SCHOOL DISTRICT TO PAY THE COST OF ROOFING CHURCH STREET ELEMENTARY SCHOOL; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST THE TOWN OF CROSBY, MISSISSIPPI, IN PAYING COSTS ASSOCIATED WITH THE REPAIR, REHABILITATION, RECONSTRUCTION AND IMPROVEMENT OF THE TOWN'S SURFACE WATER DRAINAGE SYSTEM; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST IN PAYING COSTS ASSOCIATED WITH CONSTRUCTION OF A WORKFORCE CENTER NEAR THE DESOTO CAREER TECH CENTER WEST CAMPUS IN HORN LAKE, MISSISSIPPI, CALLED THE DESOTO TECHNOLOGY PARK; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO ASSIST THE MISSISSIPPI GULF COAST COMMUNITY COLLEGE IN PAYING THE COST OF CONSTRUCTING, FURNISHING AND EQUIPPING A SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) BUILDING; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO ASSIST THE CITY OF HATTIESBURG, MISSISSIPPI, IN PAYING THE COST OF DAMAGE TO THE CITY'S INFRASTRUCTURE CAUSED BY A TORNADO THAT STRUCK THE CITY IN 2017; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO ASSIST MONROE COUNTY, MISSISSIPPI, IN PAYING THE COST OF REPAIR AND RENOVATION OF THE MONROE COUNTY COURTHOUSE; TO AMEND SECTION 65-4-25, MISSISSIPPI CODE OF 1972, TO INCREASE BY $1,000,000.00 THE AMOUNT OF BONDS AUTHORIZED TO BE ISSUED UNDER THE ECONOMIC DEVELOPMENT HIGHWAY ACT; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE MISSISSIPPI COMMUNITY HERITAGE PRESERVATION GRANT FUND; TO AMEND SECTION 39-5-145, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST THE CITY OF GAUTIER, MISSISSIPPI, IN PAYING COSTS ASSOCIATED WITH THE CONSTRUCTION OF TWO ION EXCHANGE FILTRATION SYSTEMS FOR THE CITY'S WATER SUPPLY SYSTEM; AND FOR RELATED PURPOSES.

In the Senate

• Joey Fillingane

  Sponsor

• Senate floor amendmentAdopted

  Adopted Feb 21

l9n doesn't hold this bill's text yet.

In the Senate Feb 19 – Feb 21

1. Feb 19Referred to the Senate committee on Finance
2. Feb 20Reported from committee in the Senate: title sufficient, do pass as a committee substitute
3. Feb 21Committee substitute adopted in the Senate
4. Amended in the Senate
5. Passed the Senate as amended

In the House of Representatives Feb 22 – Mar 13

1. Feb 22Sent to the House
2. Mar 6Referred to the House committee on Ways and Means
3. Mar 13Died in committee in the House