Appropriation; additional to the Mississippi Development Authority for certain projects.
Impact
The implementation of SB2002 is expected to accelerate several development projects aimed at enhancing economic growth within Mississippi. By securing this additional funding, the Mississippi Development Authority will be better positioned to support initiatives that may lead to job creation, infrastructure improvements, and other economic benefits, thereby positively influencing the state's overall economic landscape.
Summary
Senate Bill 2002 is an act that authorizes an additional appropriation from the Triple Crown Project Fund to the Mississippi Development Authority. This funding is specifically allocated for projects outlined in Section 57-75-5(f)(xxxi) as part of House Bill 1 from the 2022 First Extraordinary Session. The total amount appropriated is $81,105,000, which will be utilized for the designated projects over a specified time frame beginning July 1, 2022, and concluding on June 30, 2023.
Contention
While the bill passed with significant support in the House, it faced some opposition, making the voting history particularly notable. The approval came with 104 votes in favor and only 5 against, showcasing a strong consensus among lawmakers. The concerns raised likely revolved around the management and allocation of funds, as well as the effectiveness of the projects being funded. Nonetheless, the substantial appropriation reflects a commitment to investing in the state’s economic future.
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.