Shown verbatim: the complete text as captured from the official page posted by the Mississippi Legislature, fetched 2026-08-29. This is the enrolled version. The official bill page.
MISSISSIPPI LEGISLATURE 2026 Regular Session To: Appropriations By: Senator(s) Hopson Senate Bill 2917 (As Sent to Governor) AN ACT TO DIRECT THE STATE TREASURER TO TRANSFER CERTAIN AMOUNTS FROM THE CAPITAL EXPENSE FUND TO THE 2026 LOCAL IMPROVEMENTS PROJECTS FUND, THE 2022 IHL CAPITAL IMPROVEMENTS FUND, THE 2022 COMMUNITY AND JUNIOR COLLEGES CAPITAL IMPROVEMENTS FUND, THE 2022 STATE AGENCIES CAPITAL IMPROVEMENTS FUND, THE MS STATE UNIVERSITY VETERINARY SCHOOL FUND, THE MS SITE DEVELOPMENT GRANT FUND, STRATEGIC MULTI-MODAL INVESTMENTS FUND, THE 2022 INFRASTRUCTURE MATCH FUND, THE MDOT 2022 CAPACITY PROJECT FUND, THE COMMUNITY HERITAGE PRESERVATION GRANT FUND, THE MS HISTORIC SITE PRESERVATION FUND, THE MS OUTDOOR STEWARDSHIP TRUST FUND, THE MS INDUSTRY INCENTIVE FINANCING REVOLVING FUND, THE MS MAJOR ECONOMIC IMPACT AUTHORITY FUND, THE SMALL MUNICIPALITIES AND LIMITED POPULATION COUNTIES FUND, THE MS BUSINESS INVESTMENT FUND, THE PORTS/AIRPORTS/RAIL REVOLVING LOAN FUND, THE CANCER CENTER FUND, AND THE VICKSBURG NATIONAL MILITARY PARK FUND; TO DIRECT THE STATE TREASURER TO TRANSFER CERTAIN AMOUNTS FROM THE EDUCATION ENHANCEMENT FUND TO THE 2022 IHL CAPITAL IMPROVEMENTS FUND, THE USM SCIENCE RESEARCH FUND, THE MISSISSIPPI CYBERSECURITY CENTER FUND, THE SCHOOL DISTRICT EMERGENCY BRIDGE LOAN FUND, AND THE STATE GENERAL FUND; TO DIRECT THE STATE TREASURER TO TRANSFER A CERTAIN AMOUNT FROM THE STATE BP SETTLEMENT FUND TO THE NEW 2026 LOCAL IMPROVEMENTS PROJECTS FUND; TO DIRECT THE STATE TREASURER TO TRANSFER A CERTAIN AMOUNT FROM THE GULF COAST RESTORATION FUND TO THE NEW GULF COAST RESTORATION REVOLVING LOAN PROGRAM FUND; TO DIRECT THE STATE TREASURER TO TRANSFER A CERTAIN AMOUNT FROM LAW ENFORCEMENT OFFICERS AND FIRE FIGHTERS TRAINING AND EQUIPMENT TRUST FUND TO THE NEW FIRE EQUIPMENT GRANT FUND; TO CREATE THE 2026 LOCAL IMPROVEMENTS PROJECTS FUND, THE USM SCIENCE RESEARCH FUND, THE CANCER CENTER FUND, THE VICKSBURG NATIONAL MILITARY PARK FUND, AND THE MISSISSIPPI CYBERSECURITY CENTER FUND AS NEW SPECIAL FUNDS IN THE STATE TREASURY; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Upon the effective date of this act, the State Treasurer, in conjunction with the State Fiscal Officer, shall transfer the amounts listed below from the Capital Expense Fund (Fund No. 6499C00000) to each of the following named funds: FUND FUND NUMBER AMOUNT 2026 Local Improvements Projects Fund created in Section 6 of this act $ 233,000,000.00 2022 IHL Capital Improvements Fund 6611330000 $ 30,100,000.00 2022 Community and Junior Colleges Capital Improvements Fund 6611300000 $ 40,000,000.00 2022 State Agencies Capital Improvements Fund 6611320000 $ 30,000,000.00 MS State University Veterinary School Fund created in Section 37-113-55, Mississippi Code of 1972 6692010000 $ 32,000,000.00 MS Site Development Grant Fund 6614170000 $ 43,500,000.00 Strategic Multi-Modal Investments Fund 6695500000 $ 10,000,000.00 2022 Infrastructure Match Fund 6619430000 $ 40,000,000.00 MDOT 2022 Capacity Project Fund 6619420000 $ 150,000,000.00 Community Heritage Preservation Grant Fund 6611351000 $ 7,500,000.00 MS Historic Site Preservation Fund created in Section 39-5-22, Mississippi Code of 1972 $ 2,000,000.00 MS Outdoor Stewardship Trust Fund 3316200000 $ 15,000,000.00 MS Industry Incentive Financing Revolving Fund 6614140000 $ 20,000,000.00 MS Major Economic Impact Authority Fund created in Section 57-75-15, Mississippi Code of 1972, to be used for projects defined in Section 57-75-5(f)(ii) Mississippi Code of 1972 6614150000 $ 5,000,000.00 Small Municipalities and Limited Population Counties Fund created in Section 57-1-18, Mississippi Code of 1972 $ 10,000,000.00 MS Business Investment Fund created in Section 57-61-21, Mississippi Code of 1972, to be used for the purposes provided in Section 57-61-36(3), Mississippi Code of 1972 $ 5,000,000.00 Ports/Airports/Rail Revolving Loan Fund $ 5,000,000.00 Cancer Center Fund created in Section 8 of this act $ 100,000,000.00 Vicksburg National Military Park Fund created in Section 9 of this act $ 30,000,000.00 TOTAL $ 808,100,000.00 SECTION 2. Upon the effective date of this act, the State Treasurer, in conjunction with the State Fiscal Officer, shall transfer the amounts listed below from the Education Enhancement Fund (Fund No. 4400100000) to each of the following named funds: FUND FUND NUMBER AMOUNT 2022 IHL Capital Improvements Fund 6611330000 $ 45,000,000.00 USM Science Research Fund created in Section 7 of this act $ 30,000,000.00 Mississippi Cybersecurity Center Fund created in Section 10 of this act $ 18,000,000.00 School District Emergency Bridge Loan Fund 3320700000 $ 625,000.00 State General Fund 2999000000 $ 44,876.00 TOTAL $ 93,669,876.00 SECTION 3. On July 1, 2026, the State Treasurer, in conjunction with the State Fiscal Officer, shall transfer the sum of Twenty Million Dollars ($20,000,000.00) from the State BP Settlement Fund (Fund No. 6800100000) to the 2026 Local Improvements Projects Fund created in Section 6 of this act. SECTION 4. On the effective date of this act, the State Treasurer, in conjunction with the State Fiscal Officer, shall transfer the sum of Fourteen Million Seven Hundred Twenty-nine Dollars ($14,729,000.00) from the Gulf Coast Restoration Fund (Fund No. 6802719000) to the Gulf Coast Restoration Revolving Loan Program Fund created in House Bill No. 1648, 2026 Regular Session. SECTION 5. On the effective date of this act, the State Treasurer, in conjunction with the State Fiscal Officer, shall transfer the sum of Four Million Dollars ($4,000,000.00) from Law Enforcement Officers and Fire Fighters Training and Equipment Trust Fund (Fund No. 3371550000) to the Fire Equipment Grant Fund created in Section 4 of House Bill No. 939, 2026 Regular Session. SECTION 6. (1) There is created in the State Treasury a special fund to be designated as the "2026 Local Improvements Projects Fund." The fund shall be maintained by the State Treasurer as a separate and special fund, separate and apart from the General Fund of the state. Monies in the fund shall be disbursed by the Department of Finance and Administration, as provided in Section 4 of Senate Bill No. 2189, 2026 Regular Session subject to appropriation by the Legislature. Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, but any interest earned or investment earnings on amounts in the fund shall be deposited into the State General Fund (Fund No. 2999000000). Any entity that receives monies disbursed from the fund shall deposit earned or investment earnings on amounts of such monies into the State General Fund (Fund No. 2999000000). (2) The Department of Finance and Administration shall file biannual reports in summary form to the Legislative Budget Office on or before the fifteenth day of August and February. At a minimum, the reports shall include the latest status report from each entity that receives monies from this fund, the amount disbursed to each entity, and the target date for project completion. (3) Any state agency, local government entity or any other entity that receives monies from this fund shall file quarterly reports with the Department of Finance and Administration on dates determined by the Department of Finance and Administration. The contents of the report shall be determined by the Department of Finance and Administration but shall include, at a minimum, a status report on the progression of the project and a target date for project completion. The final report shall include an accounting of the remaining balance of funds for which reimbursement will not be sought at project completion. SECTION 7. (1) There is created in the State Treasury a special fund to be designated as the "USM Science Research Fund." The fund shall be maintained by the State Treasurer as a separate and special fund, separate and apart from the General Fund of the state. The fund shall consist of funds made available by the Legislature in any manner and funds from any other source designated for deposit into such fund. Monies in the fund may be expended by the Department of Finance and Administration, upon appropriation by the Legislature, to assist the University of Southern Mississippi with paying costs associated with the design, construction, renovation, repairs, furnishing, equipping, parking lots, lighting and any related infrastructure of the Science and Technology Research Facility to be located next to the Walker Science Center on the Hattiesburg campus. Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, but any interest earned or investment earnings on amounts in the fund shall be deposited into the State General Fund (Fund No. 2999000000). SECTION 8. (1) There is created in the State Treasury a special fund to be designated as the "Cancer Center Fund." The fund shall be maintained by the State Treasurer as a separate and special fund, separate and apart from the General Fund of the state. The fund shall consist of funds made available by the Legislature in any manner and funds from any other source designated for deposit into such fund. Monies in the fund may be expended by the Department of Finance and Administration, upon appropriation by the Legislature, to assist the University of Mississippi Medical Center with paying costs associated with the construction, furnishing, equipping and related infrastructure of a Cancer Center and Research Institute. Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, but any interest earned or investment earnings on amounts in the fund shall be deposited into the State General Fund (Fund No. 2999000000). SECTION 9. (1) There is created in the State Treasury a special fund to be designated as the "Vicksburg National Military Park Fund." The fund shall be maintained by the State Treasurer as a separate and special fund, separate and apart from the General Fund of the state. The fund shall consist of funds made available by the Legislature in any manner and funds from any other source designated for deposit into such fund. Monies in the fund may be expended by the Department of Finance and Administration, upon appropriation by the Legislature, to assist the Department of Archives and History with paying costs associated with the design, construction, renovation, repairs, furnishing, equipping, parking lots, lighting and any related infrastructure of the Vicksburg Civil War Visitor Center at the Vicksburg National Military Park and/or the Vicksburg Civil War Interpretive Center. Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, but any interest earned or investment earnings on amounts in the fund shall be deposited into the State General Fund (Fund No. 2999000000). SECTION 10. (1) There is created in the State Treasury a special fund to be designated as the "Mississippi Cybersecurity Center Fund." The fund shall be maintained by the State Treasurer as a separate and special fund, separate and apart from the General Fund of the state. The fund shall consist of funds made available by the Legislature in any manner and funds from any other source designated for deposit into such fund. Monies in the fund may be expended by the Department of Finance and Administration, upon appropriation by the Legislature, to assist Mississippi State University Research and Technology Corporation with paying costs associated with the funding for the Mississippi Cyber Center at Mississippi Gulf Coast Community College. Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, but any interest earned or investment earnings on amounts in the fund shall be deposited into the State General Fund (Fund No. 2999000000). SECTION 11. This act shall take effect and be in force from and after its passage.
Every fact on this page links to its source, starting with the official bill record.