MississippiSB 29172026 Regular SessionSenateWALLET

Budget; provide for various transfers of funds, and create various special funds.

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Bill Overview

Analyzed Economic Effects

11 provisions identified: 10 benefits, 0 costs, 1 mixed.

Major funding for a new cancer center

The law creates the Cancer Center Fund and transfers $100 million into it. The money helps the University of Mississippi Medical Center build and equip a Cancer Center and Research Institute. DF&A can spend the money only after the Legislature appropriates it. Interest earned goes to the State General Fund.

Big 2026 fund for local projects

The law creates the 2026 Local Improvements Projects Fund. It moves $233 million into the fund now and another $20 million on July 1, 2026. The Department of Finance and Administration can pay out money only after the Legislature approves. Unspent money stays in the fund, but any interest earned goes to the State General Fund. Recipients must file quarterly reports, and DF&A files summary reports twice a year.

More money for roads and transit

The state boosts transportation funding. It transfers $150 million to MDOT’s capacity projects, $40 million for infrastructure matches, $10 million for multi-modal investments, and $5 million for port, airport, and rail loans. These funds support highways, bridges, and freight connections across the state.

Colleges and research get building funds

The law funds higher-education projects. Public universities get $75.1 million for campus capital needs, and community colleges get $40 million. It creates the USM Science Research Fund and adds $30 million for a new research facility. It creates the Mississippi Cybersecurity Center Fund and adds $18 million to support the Cyber Center at Mississippi Gulf Coast Community College. Mississippi State University’s veterinary school receives $32 million for facilities. Spending happens only when the Legislature appropriates the money.

Support for parks, history, and outdoors

The law creates the Vicksburg National Military Park Fund and moves $30 million into it to support the Civil War Visitor and Interpretive Center. It adds $7.5 million for community heritage preservation grants and $2 million for state historic site preservation. It also adds $15 million to the Outdoor Stewardship Trust Fund for conservation and recreation. Interest on these funds goes to the State General Fund as required.

Help for small towns and agencies

The law moves $10 million to the Small Municipalities and Limited Population Counties Fund. It also moves $30 million to the 2022 State Agencies Capital Improvements Fund. These dollars support projects in small towns and improve state facilities.

More state funds for business growth

The state adds $43.5 million for site development grants to prepare industrial and commercial sites. It puts $20 million into an industry incentive revolving fund, $5 million into the Business Investment Fund, and $5 million into the Major Economic Impact Authority Fund. These funds support jobs, business projects, and future investments.

Grants to buy fire equipment

The state transfers $4 million into the Fire Equipment Grant Fund on the law’s effective date. The money helps fire departments buy needed equipment through grants. This does not change taxes or give direct household payments.

Loans for Gulf Coast restoration

On the law’s effective date, the state transfers $14.729 million from the Gulf Coast Restoration Fund to a new revolving loan program fund. The money finances loans for Gulf Coast restoration projects. This is a fund shift, not a change to taxes or direct household benefits.

Emergency loans for school districts

The state transfers $625,000 to the School District Emergency Bridge Loan Fund. The money provides short-term loans to school districts in emergencies. The transfer takes effect with the law.

Small transfer to the General Fund

The law transfers $44,876 from the Education Enhancement Fund to the State General Fund. This is a small budget shift and does not change your taxes or direct benefits.

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Sponsors & Cosponsors

Sponsor

Hopson
Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 336 • No: 0

Senate vote • 4/2/2026

Conference Report Adopted

Yes: 52 • No: 0

House vote • 4/2/2026

Conference Report Adopted

Yes: 117 • No: 0

House vote • 3/10/2026

Passed As Amended

Yes: 115 • No: 0

Senate vote • 2/10/2026