MS
Mississippi Senate Bill SB2949

Mississippi 2024 Regular Session

Mississippi Senate Bill SB2949

Introduced
2/29/24  
Refer
2/29/24  

Caption

General Fund; FY2025 appropriation to DFA for the 2024 IHL Capital Improvements Fund.

Impact

The passage of SB2949 would significantly impact state funding mechanisms related to higher education capital projects. Allocating such a sizable amount through state appropriations demonstrates a commitment to improving infrastructure that is essential for modernizing and maintaining educational facilities. By channeling state funds towards specific projects outlined in the IHL Capital Improvements Fund, the bill aims to prioritize resource distribution and potentially stimulate economic growth through construction and related activities.

Summary

Senate Bill 2949 proposes an appropriation of $40,000,000 from the 2024 IHL Capital Improvements Fund to the Department of Finance and Administration for the fiscal year 2025. This funding is aimed at supporting projects outlined in the 2024 IHL Capital Improvements Fund, which is a provision established in Senate Bill No. 2731 of the same legislative session. The bill is part of broader efforts within the state legislature to manage financial resources effectively and allocate funds for development projects that can enhance educational infrastructure across the state's institutions of higher learning.

Contention

As with many appropriations bills, SB2949 may encounter scrutiny regarding the prioritization of funds. Stakeholders could raise points concerning the allocation of $40 million—debating whether this amount adequately addresses the pressing needs of all educational institutions or favoring select projects over others. There may also be discussions around how such appropriations align with state budgetary constraints and broader fiscal policies, particularly considering any competing demands for state financial resources.

Latest SB2949 Activity

Companion Bills

No companion bills found.

Previously Filed As

MS SB2989

General Fund; FY2024 appropriation to IHL for general support.

MS SB2939

General Funds; FY2024 appropriation to City of Tupelo for drawing down federal funds for railroad improvements.

MS SB2949

General Funds; FY2024 appropriation to City of Canton for road and park improvements and new government complex.

MS SB2995

General funds; FY2024 appropriation to DFA for Bill Waller Craft Center repair, renovation, upgrades and improvements.

MS SB3056

General Fund; FY2024 appropriation to be administered by Community Foundation of MS for rehab of the planetarium.

MS SB3107

General Fund; FY2024 appropriation to Town of Bude for certain capital projects.

MS SB2912

General Funds; FY2024 appropriation to Town of Magnolia for North Cherry Street drainage improvements.

MS SB2988

General Fund; FY2024 appropriation to Jackson Redevelopment Authority for Union Station Transit Hub.

MS SB3138

General Fund; FY2024 appropriation to City of Meridian for road improvements to North Hill Street.

MS SB3120

Capital Expense Fund; FY2024 appropriation to MDOT for certain infrastructure expenses.

Similar Bills

MD HB350

Budget Bill (Fiscal Year 2025)

MD SB360

Budget Bill (Fiscal Year 2025)

MD SB181

Budget Bill (Fiscal Year 2024)

MD HB200

Budget Bill (Fiscal Year 2024)

PA HB611

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2022, to June 30, 2023, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2022.

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

MD SB290

Budget Bill (Fiscal Year 2023)