Miss. Code § 37-101-83

Current through the 2024 Regular Session

Section 37-101-83 - 2022 IHL Capital Improvements Fund created; use of monies

(a)

(i) A special fund, to be designated as the "2022 IHL Capital Improvements Fund," is created within the State Treasury. The fund shall be maintained by the State Treasurer as a separate and special fund, separate and apart from the General Fund of the state. Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, and any interest earned or investment earnings on amounts in the fund shall be deposited into such fund.

(ii) Monies deposited into the fund shall be disbursed, in the discretion of the Department of Finance and Administration, with the approval of the Board of Trustees of State Institutions of Higher Learning on those projects related to the universities under its management and control to pay the costs of capital improvements, renovation and/or repair of existing facilities, furnishings and/or equipping facilities for public facilities as hereinafter described:

Name	Amount
	Project	Allocated
Alcorn State University	$ 5,040,000.00
Preplanning for repair,
renovation, and
expansion of and upgrades
and improvements to the
David L. Whitney Complex
and Wellness Center; campus
safety and security project,
including open space
development, sprinkler
systems for dormitories,
security camera
installation, card access
systems, street lighting,
and emergency kiosks; and
repair, renovation and
upgrading of campus
infrastructure.....	$ 1,040,000.00
Repair and renovation of
and upgrades and
improvements to the Math
and Science Building.......	$ 4,000,000.00
Delta State University	$ 5,640,000.00
Repair, renovation and
replacement of and
upgrades and
improvements to HVAC systems
and related equipment and
infrastructure.....	$ 3,937,500.00
Repair and renovation
for ADA compliance
for the Bologna Performing
Arts Center.....	$ 1,702,500.00
Jackson State University	$ 12,000,000.00
Construction, furnishing
and equipping of a new
dining facility and
related facilities.....	$ 12,000,000.00
Mississippi State University	$ 14,680,000.00
Repair, renovation, construction,
acquisition of property, furnishing
and equipping of related
facilities to house the
College of Architecture,
Art and Design.....	$ 14,680,000.00
Mississippi State University/Division of
Agriculture, Forestry and Veterinary Medicine	$ 9,610,000.00
Repair and renovation
of and upgrades and
improvements to
Dorman Hall and
related facilities.....	$ 9,610,000.00
Mississippi University for Women	$ 2,500,000.00
Repair, renovation,
and upgrading of
campus buildings
and facilities.....	$ 2,500,000.00
Mississippi Valley State University	$ 10,200,000.00
Repair, renovation,
expansion of
and improvements to
existing buildings and facilities on
the main campus.....	$ 10,200,000.00
University of Mississippi	$ 5,500,000.00
Construction, furnishing
and equipping of a new
mechanical and power
plant building and related
facilities......	$ 4,500,000.00
Preplanning for
construction,
furnishing and
equipping of a
new building and
related facilities
to house the School
of Accountancy.....	$ 1,000,000.00
University of Mississippi Medical Center	$ 8,000,000.00
Repair, renovation,
and upgrading of
campus buildings
and facilities.....	$ 8,000,000.00
University of Southern Mississippi	$ 11,000,000.00
Construction, furnishing
and equipping of a new
science research facility...	$ 11,000,000.00
IHL Education and Research Center	$ 1,400,000.00
Repair and replacement of
chillers and related
equipment for the campus
air conditioning and
heating system.....	$ 1,400,000.00
TOTAL	$ 85,570,000.00

(b)

(i) Amounts deposited into such special fund shall be disbursed to pay the costs of projects described in paragraph (a) of this section. If any monies in such special fund are not used within four (4) years after the date funds are transferred under Section 1 of Chapter 510, Laws of 2022 from the Capital Expense Fund created in Section 27-103-303, Mississippi Code of 1972, into the special fund, then the institution of higher learning for which any unused monies are allocated under paragraph (a) of this section shall provide an accounting of such unused monies to the Department of Finance and Administration.

(ii) Monies in the special fund may be used to reimburse reasonable actual and necessary costs incurred by the Department of Finance and Administration, acting through the Bureau of Building, Grounds and Real Property Management, in administering or providing assistance directly related to a project described in paragraph (a) of this section. An accounting of actual costs incurred for which reimbursement is sought shall be maintained for each project by the Department of Finance and Administration, Bureau of Building, Grounds and Real Property Management. Reimbursement of reasonable actual and necessary costs for a project shall not exceed two percent (2%) of the monies in the special fund used for such project. Monies authorized for a particular project may not be used to reimburse administrative costs for unrelated projects.

(c) The Department of Finance and Administration, acting through the Bureau of Building, Grounds and Real Property Management, is expressly authorized and empowered to receive and expend any local or other source funds in connection with the expenditure of funds provided for in this section. The expenditure of monies deposited into the special fund shall be under the direction of the Department of Finance and Administration, and such funds shall be paid by the State Treasurer upon warrants issued by such department, which warrants shall be issued upon requisitions signed by the Executive Director of the Department of Finance and Administration, or his designee.

(d) Any amounts allocated to an institution of higher learning that are in excess of that needed to complete the projects at such institution of higher learning that are described in paragraph (a) of this section may be used for general repairs and renovations at the institution of higher learning.

Miss. Code § 37-101-83

Amended by Laws, 2023, ch. 545, HB 1089,§ 2, eff. 4/21/2023.

Added by Laws, 2022, ch. 510, HB 1353,§ 20, eff. 7/1/2022.