Appropriation; Humphreys County for infrastructure and site development at Humphreys County Industrial Park.
Impact
If passed, HB 987 would significantly influence local economic development strategies in Humphreys County. By providing this financial support, the bill aims to alleviate some of the initial costs associated with setting up infrastructure necessary for attracting new businesses to the industrial park. This allocation not only indicates the state's commitment to local development but also suggests potential job creation and increased economic activity in the region, which may contribute positively to the overall economic health of Mississippi.
Summary
House Bill 987 is a legislative proposal aimed at making an appropriation to the Board of Supervisors of Humphreys County for the development of infrastructure and site improvements at the Humphreys County Industrial Park. The total amount allocated through the bill is $1,500,000, which will be provided from the State General Fund for the fiscal year 2026. This funding is intended to assist in stimulating local economic growth by enhancing the industrial capabilities of Humphreys County.
Contention
Notable points of contention surrounding the bill may include discussions on the prioritization of state funds and whether such an investment in Humphreys County's industrial park is the best use of resources statewide. Stakeholders might debate the long-term benefits of infrastructure development against immediate fiscal responsibilities or other pressing needs within different counties. Moreover, there could be concerns regarding the impact of this appropriation on other local governments or areas that may also seek similar state support for their development projects.
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.