Mississippi governor signs $300 million bill

ms-capitol_02_webJACKSON, Miss. (AP) – Gov. Phil Bryant has signed a bill authorizing Mississippi to issue $250 million in bonds this year and another $50 million in the future.

Bryant signed House Bill 1729 (http://bit.ly/1TGH5CZ ) on Tuesday, and it becomes law July 1.

The projects must be approved by the three-member state Bond Commission before the state can issue bonds to take on long-term debt. The commissioners are the governor, the state treasurer and the attorney general.

Treasurer Lynn Fitch has called the bill a “Christmas-tree-collection of earmarked goodies.”

The bill includes $69.2 million for construction projects at universities, $25 million for community colleges and $45 million for Ingalls Shipbuilding in Pascagoula. It also includes $16.6 million to complete two history museums in Jackson that are scheduled to open for the state bicentennial in 2017.

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