State to borrow $230M for building, economic development
Published: March 31,2014
JACKSON — Lt. Gov. Tate Reeves says Mississippi lawmakers have agreed to borrow about $230 million for construction and economic development projects.
Saturday was the deadline for House and Senate lawmakers to agree on new bonds. The full House and Senate must still pass the bills and send them to Republican Gov. Phil Bryant.
Plans call for $92.8 million for universities, including $30.5 million for a new medical school building at the University of Mississippi Medical Center.
Also included is $23 million for community colleges, $20 million over three years for Tupelo’s Cooper Tire & Rubber Co. plant, and $14 million for a history and civil rights museum the state is building in Jackson.
A railroad authority would be loaned $30 million to buy a rail line from Southaven to Canton.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- DAVID DALLAS: You say “Obama”, I say “Ebola”
- Pickering lists concerns over Mississippi Adequate Education Program formula
- Peavey's wellness program honored after workers drop 1,000 pounds
- Group, lesbian couples look to overturn state's ban on same-sex marriages
- Judge gets more time to fight efforts to remove him from office
- State renews battle over water use with city of Memphis
- Voters to decide whether hunting, fishing is constitutional right
- Coast cleanup nets 1,600 bags of trash — and a watermelon patch
- Watkins says JRA out to block him from Farish by repaying HUD $1.5M