Mississippi House Bill HB1444

Mississippi 2022 Regular Session

• Introduced: 1/17/22
• Refer: 1/17/22
• Failed: 2/23/22

Caption

Bonds; authorize issuance to assist Alcorn State University with Science, Technology, Engineering and Mathematics (STEM) Program.

Impact

The proposed legislation will have a notable impact on state laws concerning public funding for educational programs. Specifically, it will create a special fund designated for STEM programs at Alcorn State University, allowing the state to allocate resources flexibly based on the needs outlined by the Department of Finance and Administration. This could pave the way for enhanced educational opportunities, fostering skills that are crucial in a rapidly evolving job market.

Summary

House Bill 1444 aims to authorize the issuance of state general obligation bonds specifically to provide financial assistance to Alcorn State University. The funding is intended to support the administration and operation of a Science, Technology, Engineering, and Mathematics (STEM) program. The bill sets a total cap of $1.5 million for the bonds that can be issued under this act, reflecting a clear commitment by the state to bolster educational initiatives in key sectors relevant to workforce development and economic advancement.

Contention

Discussion surrounding HB1444 may inevitably lead to debates over governmental spending priorities, especially given the significant amount of funding requested for a specific university program. Advocates would argue this funding is crucial for educational equity and access, while critics might focus on the necessity and efficiency of such financial commitments. The bill also raises questions about the state's financial stability and whether adequate measures are in place to ensure that the funds will yield tangible benefits for students and the economy.