Mississippi Senate Bill SB3109

Mississippi 2022 Regular Session

• Introduced: 2/17/22
• Refer: 2/17/22
• Failed: 2/23/22

Caption

Bonds; authorize issuance to assist City of Greenville in paying costs of redevelopment of Hangar 173 at airport.

Impact

The implications of SB3109 are notable as it includes the establishment of a special fund titled '2022 Greenville Mid-Delta Airport Hangar 173 Fund', which will be maintained separately from the state's general fund. The bonding process outlines that a maximum of $2 million can be issued to cover costs associated with the renovation and compliance adjustments mentioned in the bill. This funding is important for enhancing local infrastructure and could potentially stimulate economic development in the Greeneville area through better facilities for education and training.

Summary

Senate Bill 3109 authorizes the issuance of general obligation bonds by the state of Mississippi, specifically earmarked to assist the city of Greenville in financing the redevelopment of Hangar 173 at the Greenville Mid-Delta Airport. The aim is to enhance the structural soundness of the facility and ensure it meets all current federal and state code standards. This redevelopment is intended to further support the facility's future use for educational, career, and job training purposes designed by the Mississippi Delta Community College.

Contention

While the bill provides significant funding to support vital infrastructure improvement, certain concerns may arise surrounding the use of state taxpayer dollars for such projects. Some stakeholders could question whether the redevelopment of a single facility will yield sufficient benefits relative to the investment made. Furthermore, ensuring that funds are utilized efficiently and are directed towards actual improvements rather than administrative overhead may be a point of scrutiny as the project progresses.