Plain English Breakdown
The bill did not pass, so there is no confirmation on whether or how much funding was actually used by Jackson State University.
Funding for Jackson State University's Athletic Stadium
This bill proposes to provide funding from the state general fund to assist Jackson State University in covering costs related to building an athletic stadium.
What This Bill Does
- Provides funding from the state general fund to the Board of Trustees of State Institutions of Higher Learning.
- The money is meant to assist Jackson State University in covering costs related to building a new athletic stadium.
- The funds are for fiscal year 2026-2027, starting July 1, 2026 and ending June 30, 2027.
Who It Names or Affects
- Jackson State University
- Board of Trustees of State Institutions of Higher Learning
Terms To Know
- State General Fund
- A fund that holds money from various sources to be used for state expenses.
- Fiscal Year
- A period of time, usually a year, used for budgeting and financial reporting.
Limits and Unknowns
- The bill did not pass during the session.
- $40 million is appropriated but it's unclear if this amount was needed or spent by Jackson State University.