Text directs state funds to colleges, agencies, and local projects

The Department of Finance and Administration would direct money from three capital-improvement funds to listed college and state-agency projects. The listed projects cover Mississippi public universities, community and junior colleges, and state agencies, including building work, repairs, and equipment. Money must first be transferred into the named funds, and a separate 2026 appropriation bill must authorize spending it. The Board of Trustees of State Institutions of Higher Learning must approve university projects under its oversight. Unused amounts may go to general repairs and renovations at the college or agency. Unused money after four years must be reported to the Department of Finance and Administration. The four-year period for reporting unused money starts when it is transferred into the fund.

The Department of Finance and Administration would direct money from the 2026 Local Improvements Projects Fund to named local governments, schools, agencies, and organizations for listed projects. The listed Mississippi projects include roads, water systems, fire services, public buildings, schools, and other community facilities. Money must first be transferred into the fund, and a separate 2026 appropriation bill must authorize spending it. Senatobia may not spend its allocation on water or sewer work until it gives the state proof of specified aid applications or approvals and other funds firmly committed in an amount equal to what it plans to spend on that work. The LeFleur’s Bluff Conservancy allocation may not pay for infrastructure used only for golf. The text gives no general deadline for these local project allocations.

A state agency receiving money from the local-projects fund could increase its budget to spend that money under state rules. The Department of Archives and History could do the same with money from the Vicksburg National Military Park Fund. This covers state agencies receiving money from the 2026 Local Improvements Projects Fund and the Department of Archives and History receiving money from the Vicksburg National Military Park Fund. The authority applies after the agency receives money from the named fund. Spending must follow Department of Finance and Administration rules. The authority applies upon receipt of the money.