Plain English Breakdown
The official source material does not specify that Knox Academy will use this money directly; it only states that the Department of Finance and Administration will allocate funds to assist Knox Academy.
Money for Knox Academy to Expand
This bill gives money to the Department of Finance and Administration to help Knox Academy expand its facilities.
What This Bill Does
- Appropriates $2,500,000 from the State General Fund to the Department of Finance and Administration for allocation to Knox Academy in Ellisville, Mississippi.
- The funds are intended to assist Knox Academy in paying costs associated with improving, upgrading, and expanding its facilities during fiscal year 2027.
Who It Names or Affects
- Knox Academy
- Department of Finance and Administration
Terms To Know
- Fiscal Year
- A period used for budgeting and financial reporting, usually a year long.
- State General Fund
- The main fund where the state keeps money to pay for different programs and services.
Limits and Unknowns
- This bill did not pass during its session.
- It only provides funding for one fiscal year, from July 1, 2026, to June 30, 2027.