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S. B. No. 2917 *SS08/R371SG* ~ OFFICIAL ~ G1/2
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To: Appropriations
MISSISSIPPI LEGISLATURE REGULAR SESSION 2026
By: Senator(s) Hopson
SENATE BILL NO. 2917
(As Sent to Governor)
AN ACT TO DIRECT THE STATE TREASURER TO TRANSFER CERTAIN 1
AMOUNTS FROM THE CAPITAL EXPENSE FUND TO THE 2026 LOCAL 2
IMPROVEMENTS PROJECTS FUND, THE 2022 IHL CAPITAL IMPROVEMENTS 3
FUND, THE 2022 COMMUNITY AND JUNIOR COLLEGES CAPITAL IMPROVEMENTS 4
FUND, THE 2022 STATE AGENCIES CAPITAL IMPROVEMENTS FUND, THE MS 5
STATE UNIVERSITY VETERINARY SCHOOL FUND, THE MS SITE DEVELOPMENT 6
GRANT FUND, STRATEGIC MULTI-MODAL INVESTMENTS FUND, THE 2022 7
INFRASTRUCTURE MATCH FUND, THE MDOT 2022 CAPACITY PROJECT FUND, 8
THE COMMUNITY HERITAGE PRESERVATION GRANT FUND, THE MS HISTORIC 9
SITE PRESERVATION FUND, THE MS OUTDOOR STEWARDSHIP TRUST FUND, THE 10
MS INDUSTRY INCENTIVE FINANCING REVOLVING FUND, THE MS MAJOR 11
ECONOMIC IMPACT AUTHORITY FUND, THE SMALL MUNICIPALITIES AND 12
LIMITED POPULATION COUNTIES FUND, THE MS BUSINESS INVESTMENT FUND, 13
THE PORTS/AIRPORTS/RAIL REVOLVING LOAN FUND, THE CANCER CENTER 14
FUND, AND THE VICKSBURG NATIONAL MILITARY PARK FUND; TO DIRECT THE 15
STATE TREASURER TO TRANSFER CERTAIN AMOUNTS FROM THE EDUCATION 16
ENHANCEMENT FUND TO THE 2022 IHL CAPITAL IMPROVEMENTS FUND, THE 17
USM SCIENCE RESEARCH FUND, THE MISSISSIPPI CYBERSECURITY CENTER 18
FUND, THE SCHOOL DISTRICT EMERGENCY BRIDGE LOAN FUND, AND THE 19
STATE GENERAL FUND; TO DIRECT THE STATE TREASURER TO TRANSFER A 20
CERTAIN AMOUNT FROM THE STATE BP SETTLEMENT FUND TO THE NEW 2026 21
LOCAL IMPROVEMENTS PROJECTS FUND; TO DIRECT THE STATE TREASURER TO 22
TRANSFER A CERTAIN AMOUNT FROM THE GULF COAST RESTORATION FUND TO 23
THE NEW GULF COAST RESTORATION REVOLVING LOAN PROGRAM FUND; TO 24
DIRECT THE STATE TREASURER TO TRANSFER A CERTAIN AMOUNT FROM LAW 25
ENFORCEMENT OFFICERS AND FIRE FIGHTERS TRAINING AND EQUIPMENT 26
TRUST FUND TO THE NEW FIRE EQUIPMENT GRANT FUND; TO CREATE THE 27
2026 LOCAL IMPROVEMENTS PROJECTS FUND, THE USM SCIENCE RESEARCH 28
FUND, THE CANCER CENTER FUND, THE VICKSBURG NATIONAL MILITARY PARK 29
FUND, AND THE MISSISSIPPI CYBERSECURITY CENTER FUND AS NEW SPECIAL 30
FUNDS IN THE STATE TREASURY; AND FOR RELATED PURPOSES. 31
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: 32
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SECTION 1. Upon the effective date of this act, the State 33
Treasurer, in conjunction with the State Fiscal Officer, shall 34
transfer the amounts listed below from the Capital Expense Fund 35
(Fund No. 6499C00000) to each of the following named funds: 36
FUND FUND NUMBER AMOUNT 37
2026 Local Improvements 38
Projects Fund created 39
in Section 6 of this act $ 233,000,000.00 40
2022 IHL Capital 41
Improvements Fund 6611330000 $ 30,100,000.00 42
2022 Community and Junior 43
Colleges Capital 44
Improvements Fund 6611300000 $ 40,000,000.00 45
2022 State Agencies Capital 46
Improvements Fund 6611320000 $ 30,000,000.00 47
MS State University 48
Veterinary School Fund 49
created in Section 50
37-113-55, Mississippi 51
Code of 1972 6692010000 $ 32,000,000.00 52
MS Site Development 53
Grant Fund 6614170000 $ 43,500,000.00 54
Strategic Multi-Modal 55
Investments Fund 6695500000 $ 10,000,000.00 56
2022 Infrastructure 57
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Match Fund 6619430000 $ 40,000,000.00 58
MDOT 2022 Capacity 59
Project Fund 6619420000 $ 150,000,000.00 60
Community Heritage 61
Preservation 62
Grant Fund 6611351000 $ 7,500,000.00 63
MS Historic Site 64
Preservation Fund 65
created in Section 66
39-5-22, Mississippi 67
Code of 1972 $ 2,000,000.00 68
MS Outdoor Stewardship 69
Trust Fund 3316200000 $ 15,000,000.00 70
MS Industry Incentive 71
Financing 72
Revolving Fund 6614140000 $ 20,000,000.00 73
MS Major Economic 74
Impact Authority Fund 75
created in Section 76
57-75-15, Mississippi 77
Code of 1972, to be used 78
for projects defined in 79
Section 57-75-5(f)(ii) 80
Mississippi Code of 1972 6614150000 $ 5,000,000.00 81
Small Municipalities and 82
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Limited Population 83
Counties Fund created 84
in Section 57-1-18, 85
Mississippi Code of 1972 $ 10,000,000.00 86
MS Business Investment 87
Fund created in Section 88
57-61-21, Mississippi 89
Code of 1972, to be used 90
for the purposes provided 91
in Section 57-61-36(3), 92
Mississippi Code of 1972 $ 5,000,000.00 93
Ports/Airports/Rail Revolving 94
Loan Fund $ 5,000,000.00 95
Cancer Center Fund 96
created in Section 8 97
of this act $ 100,000,000.00 98
Vicksburg National Military 99
Park Fund created in 100
Section 9 of this act $ 30,000,000.00 101
TOTAL $ 808,100,000.00 102
SECTION 2. Upon the effective date of this act, the State 103
Treasurer, in conjunction with the State Fiscal Officer, shall 104
transfer the amounts listed below from the Education Enhancement 105
Fund (Fund No. 4400100000) to each of the following named funds: 106
FUND FUND NUMBER AMOUNT 107
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2022 IHL Capital 108
Improvements Fund 6611330000 $ 45,000,000.00 109
USM Science Research 110
Fund created in 111
Section 7 of this act $ 30,000,000.00 112
Mississippi Cybersecurity 113
Center Fund created in 114
Section 10 of this act $ 18,000,000.00 115
School District Emergency 116
Bridge Loan Fund 3320700000 $ 625,000.00 117
State General Fund 2999000000 $ 44,876.00 118
TOTAL $ 93,669,876.00 119
SECTION 3. On July 1, 2026, the State Treasurer, in 120
conjunction with the State Fiscal Officer, shall transfer the sum 121
of Twenty Million Dollars ($20,000,000.00) from the State BP 122
Settlement Fund (Fund No. 6800100000) to the 2026 Local 123
Improvements Projects Fund created in Section 6 of this act. 124
SECTION 4. On the effective date of this act, the State 125
Treasurer, in conjunction with the State Fiscal Officer, shall 126
transfer the sum of Fourteen Million Seven Hundred Twenty-nine 127
Dollars ($14,729,000.00) from the Gulf Coast Restoration Fund 128
(Fund No. 6802719000) to the Gulf Coast Restoration Revolving Loan 129
Program Fund created in House Bill No. 1648, 2026 Regular Session. 130
SECTION 5. On the effective date of this act, the State 131
Treasurer, in conjunction with the State Fiscal Officer, shall 132
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transfer the sum of Four Million Dollars ($4,000,000.00) from Law 133
Enforcement Officers and Fire Fighters Training and Equipment 134
Trust Fund (Fund No. 3371550000) to the Fire Equipment Grant Fund 135
created in Section 4 of House Bill No. 939, 2026 Regular Session. 136
SECTION 6. (1) There is created in the State Treasury a 137
special fund to be designated as the "2026 Local Improvements 138
Projects Fund." The fund shall be maintained by the State 139
Treasurer as a separate and special fund, separate and apart from 140
the General Fund of the state. Monies in the fund shall be 141
disbursed by the Department of Finance and Administration, as 142
provided in Section 4 of Senate Bill No. 2189, 2026 Regular 143
Session subject to appropriation by the Legislature. Unexpended 144
amounts remaining in the fund at the end of a fiscal year shall 145
not lapse into the State General Fund, but any interest earned or 146
investment earnings on amounts in the fund shall be deposited into 147
the State General Fund (Fund No. 2999000000). Any entity that 148
receives monies disbursed from the fund shall deposit earned or 149
investment earnings on amounts of such monies into the State 150
General Fund (Fund No. 2999000000). 151
(2) The Department of Finance and Administration shall file 152
biannual reports in summary form to the Legislative Budget Office 153
on or before the fifteenth day of August and February. At a 154
minimum, the reports shall include the latest status report from 155
each entity that receives monies from this fund, the amount 156
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disbursed to each entity, and the target date for project 157
completion. 158
(3) Any state agency, local government entity or any other 159
entity that receives monies from this fund shall file quarterly 160
reports with the Department of Finance and Administration on dates 161
determined by the Department of Finance and Administration. The 162
contents of the report shall be determined by the Department of 163
Finance and Administration but shall include, at a minimum, a 164
status report on the progression of the project and a target date 165
for project completion. The final report shall include an 166
accounting of the remaining balance of funds for which 167
reimbursement will not be sought at project completion. 168
SECTION 7. (1) There is created in the State Treasury a 169
special fund to be designated as the "USM Science Research Fund." 170
The fund shall be maintained by the State Treasurer as a separate 171
and special fund, separate and apart from the General Fund of the 172
state. The fund shall consist of funds made available by the 173
Legislature in any manner and funds from any other source 174
designated for deposit into such fund. Monies in the fund may be 175
expended by the Department of Finance and Administration, upon 176
appropriation by the Legislature, to assist the University of 177
Southern Mississippi with paying costs associated with the design, 178
construction, renovation, repairs, furnishing, equipping, parking 179
lots, lighting and any related infrastructure of the Science and 180
Technology Research Facility to be located next to the Walker 181
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Science Center on the Hattiesburg campus. Unexpended amounts 182
remaining in the fund at the end of a fiscal year shall not lapse 183
into the State General Fund, but any interest earned or investment 184
earnings on amounts in the fund shall be deposited into the State 185
General Fund (Fund No. 2999000000). 186
SECTION 8. (1) There is created in the State Treasury a 187
special fund to be designated as the "Cancer Center Fund." The 188
fund shall be maintained by the State Treasurer as a separate and 189
special fund, separate and apart from the General Fund of the 190
state. The fund shall consist of funds made available by the 191
Legislature in any manner and funds from any other source 192
designated for deposit into such fund. Monies in the fund may be 193
expended by the Department of Finance and Administration, upon 194
appropriation by the Legislature, to assist the University of 195
Mississippi Medical Center with paying costs associated with the 196
construction, furnishing, equipping and related infrastructure of 197
a Cancer Center and Research Institute. Unexpended amounts 198
remaining in the fund at the end of a fiscal year shall not lapse 199
into the State General Fund, but any interest earned or investment 200
earnings on amounts in the fund shall be deposited into the State 201
General Fund (Fund No. 2999000000). 202
SECTION 9. (1) There is created in the State Treasury a 203
special fund to be designated as the "Vicksburg National Military 204
Park Fund." The fund shall be maintained by the State Treasurer 205
as a separate and special fund, separate and apart from the 206
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General Fund of the state. The fund shall consist of funds made 207
available by the Legislature in any manner and funds from any 208
other source designated for deposit into such fund. Monies in the 209
fund may be expended by the Department of Finance and 210
Administration, upon appropriation by the Legislature, to assist 211
the Department of Archives and History with paying costs 212
associated with the design, construction, renovation, repairs, 213
furnishing, equipping, parking lots, lighting and any related 214
infrastructure of the Vicksburg Civil War Visitor Center at the 215
Vicksburg National Military Park and/or the Vicksburg Civil War 216
Interpretive Center. Unexpended amounts remaining in the fund at 217
the end of a fiscal year shall not lapse into the State General 218
Fund, but any interest earned or investment earnings on amounts in 219
the fund shall be deposited into the State General Fund (Fund No. 220
2999000000). 221
SECTION 10. (1) There is created in the State Treasury a 222
special fund to be designated as the "Mississippi Cybersecurity 223
Center Fund." The fund shall be maintained by the State Treasurer 224
as a separate and special fund, separate and apart from the 225
General Fund of the state. The fund shall consist of funds made 226
available by the Legislature in any manner and funds from any 227
other source designated for deposit into such fund. Monies in the 228
fund may be expended by the Department of Finance and 229
Administration, upon appropriation by the Legislature, to assist 230
Mississippi State University Research and Technology Corporation 231
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ST: Budget; provide for various transfers of
funds, and create various special funds.
with paying costs associated with the funding for the Mississippi 232
Cyber Center at Mississippi Gulf Coast Community College. 233
Unexpended amounts remaining in the fund at the end of a fiscal 234
year shall not lapse into the State General Fund, but any interest 235
earned or investment earnings on amounts in the fund shall be 236
deposited into the State General Fund (Fund No. 2999000000). 237
SECTION 11. This act shall take effect and be in force from 238
and after its passage. 239