Read the full stored bill text
H. B. No. 1068 *HR43/R1829* ~ OFFICIAL ~ G1/2
26/HR43/R1829
PAGE 1 (BS\KP)
To: State Affairs;
Appropriations A
MISSISSIPPI LEGISLATURE REGULAR SESSION 2026
By: Representative Carpenter
HOUSE BILL NO. 1068
AN ACT TO AMEND SECTION 29-5-215, MISSISSIPPI CODE OF 1972, 1
TO PROVIDE THAT A PORTION OF MONIES IN THE CAPITOL COMPLEX 2
IMPROVEMENT DISTRICT PROJECT FUND MAY BE USED TO COMPENSATE THE 3
OFFICE OF CAPITOL POLICE WITHIN THE DEPARTMENT OF PUBLIC SAFETY 4
FOR POLICE COVERAGE FOR MAJOR EVENTS CONDUCTED WITHIN THE 5
DISTRICT; AND FOR RELATED PURPOSES. 6
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: 7
SECTION 1. Section 29-5-215, Mississippi Code of 1972, is 8
amended as follows: 9
29-5-215. (1) There is created in the State Treasury the 10
Capitol Complex Improvement District Project Fund, into which 11
shall be deposited the money specified in Section 27-65-75(1)(c) 12
and such other money from whatever source derived. 13
(2) An amount not to exceed five percent (5%) of the amount 14
deposited into the fund may be utilized to reimburse the 15
Department of Finance and Administration for the cost of providing 16
necessary personnel, services or other expenses it incurs in 17
performing its duties under Sections 29-5-201 through 29-5-217. 18
(3) An amount not to exceed ten percent (10%) of the amount 19
deposited into the fund may be utilized, in the discretion of the 20
H. B. No. 1068 *HR43/R1829* ~ OFFICIAL ~
26/HR43/R1829
PAGE 2 (BS\KP)
Executive Director of the Department of Finance and 21
Administration, to compensate the City of Jackson for general 22
police and fire protection provided by the city in the Capitol 23
Complex Improvement District created in Section 29-5-203 and to 24
compensate the Office of Capitol Police within the Department of 25
Public Safety for police coverage for major events conducted 26
within such district. 27
(4) An amount of not less than eighty-five percent (85%) of 28
the amount deposited into the fund, which shall be designated as 29
"improvement project funds," shall be utilized within the district 30
for improvement projects in accordance with the comprehensive plan 31
described in Section 29-5-209. In addition to fully funding 32
improvement projects, money in the fund may be utilized to fund a 33
portion of an improvement project in cases in which other funds 34
are available for a project and may be used as leverage or 35
matching funds for projects in the district that comport with the 36
district's comprehensive plan. 37
(5) Money in the fund shall be expended upon appropriation 38
by the Legislature. Unexpended amounts remaining in the fund at 39
the end of the state fiscal year shall not lapse into the State 40
General Fund, and investment earnings on amounts in the fund shall 41
be deposited to the credit of the fund. 42
(6) The Department of Finance and Administration, with the 43
concurrence of the State Bond Commission, is authorized to incur 44
debt, including notes or other evidences of indebtedness, for the 45
H. B. No. 1068 *HR43/R1829* ~ OFFICIAL ~
26/HR43/R1829
PAGE 3 (BS\KP)
ST: Capitol Complex Improvement District
Project Fund; revise purposes for which monies
in may be used.
purpose of paying the costs of implementing and administering the 46
improvement projects outlined in the comprehensive plan 47
established pursuant to Section 29-5-209. Any debt incurred to 48
pay such costs may be secured by the sales tax revenue that is 49
required to be deposited to the Capitol Complex Improvement 50
District Project Fund under Section 27-65-75(1)(c). All notes or 51
certificates of indebtedness issued for purposes of this 52
subsection shall mature in approximately equal installments of 53
principal and interest over a period not to exceed five (5) years 54
from the date of issuance thereof. The maximum amount of debt 55
that may be incurred by the Department of Finance and 56
Administration under this subsection shall not exceed Seven 57
Million Dollars ($7,000,000.00). 58
SECTION 2. This act shall take effect and be in force from 59
and after July 1, 2026. 60