State Update

Mississippi Looks to Issue Bonds for Higher Education

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Rep. Jeffrey C. Smith (R-MS), Chair of the House Ways and Means Committee, sponsored H.B. 787. The bill as introduced would have authorized the issuance of bonds, up to $31 million, to be used for the construction of a new School of Medicine building at the University of Mississippi Medical Center. However, after successfully passing through the House as is, the Senate Finance Committee adopted new bill text similar to S.B. 2975.

S.B. 2975, as introduced, authorized the issuance of bonds for the purpose of making capital improvements for state institutions of higher education. The bill initially included $62.9 million in bonds to state universities, and an additional $1 million in bonds to be used for the construction of a new School of Medicine building at the University of Mississippi Medical Center. However, as S.B. 2975 was making its way through the legislative process in the House, the bill was laden with amendments unrelated to capital improvements for state institutions of higher education.

Both H.B. 787 and S.B. 2975 went to conference committee. The conference report for H.B. 787 was adopted by both chambers on March 31 and currently authorizes $92.8 million in bonds to its state universities, including $30.5 million to be used for the construction of a new School of Medicine building at the University of Mississippi Medical Center. To view the conference report for H.B. 787 click here.  

The conference report for S.B. 2975 was adopted by both chambers and is unrelated to capital improvements for state institutions of higher education.