HB 1894 Mississippi House · 2025 Regular Session

Bonds; authorize issuance for various purposes.

HB 1894 authorizes Mississippi to issue $20 million in state bonds for higher education campus improvements, $10 million for the ACE Fund, and additional funds for business incentives, port/airport revitalization, and infrastructure projects. It increases bond limits for existing programs like the Mississippi Business Investment Act by $25 million and expands the Industry Incentive Fund by $20 million. The bill also sunsetted certain tax credits and incentives for alternative energy jobs and business expansions after 2025. This legislation died in conference on March 29, 2025, and did not become law.

Bill status died 4 of 5 stages cleared

Introduction

Feb 2025

Committee Review

Mar 2025

House Passage

Feb 2025

Senate Passage

Mar 2025

Governor

Introduced Feb 27, 2025 Last action Mar 29, 2025

Maddy AI version diff · 1 comparison

What changed between versions

As Introduced → Current version · 13 edits

MAJOR

This bill was amended after passing the House to reorganize its structure, clarify its purpose, and significantly expand funding amounts for various state development programs. The changes include consolidating bond authorization language, adding detailed project allocations for higher education institutions, and extending certain bond issuance deadlines to July 1, 2029.

Scope change

The bill now explicitly authorizes $20 million for the Mississippi Site Development Grant Fund, $10 million for the ACE Fund, and increases bond authority for the Mississippi Business Investment Act by $25 million, while also adding specific project allocations totaling over $126 million for higher education capital improvements.

FISCAL

Increased bond authority for Mississippi Business Investment Act by $25 million and Mississippi Development Authority equipment grant fund by $5 million

Added $20 million bond authorization for Mississippi Industry Incentive Financing Revolving Fund

Added $20 million bond authorization for Mississippi Site Development Grant Fund

Added $10 million bond authorization for ACE Fund

Added $20 million bond authorization for Port, Airport and Rail Revitalization Revolving Loan Fund

Added $5 million bond authorization for Mississippi Major Economic Impact Act

Added detailed project allocations totaling $126,217,051 for higher education capital improvements across multiple universities

Added detailed project allocations totaling $45 million for community and junior college capital improvements

Added detailed project allocations totaling $120 million for state agency capital improvements

TIMELINE

Extended bond issuance deadline for Mississippi Industry Incentive Financing Revolving Fund to July 1, 2029

TECHNICAL

Reorganized bill structure to place title and purpose at the beginning for clarity

REQUIREMENT

Added specific requirements for unused funds accounting and project completion certification

ELIGIBILITY

Extended expiration dates for certain economic development incentives to after 2025

Floor votes · Senate Mar 18, 2025 · House Feb 26, 2025

How they voted

50–1

Passed

Total votes 51

Mar 18, 2025

D Democratic16

16 Yea

100% Yea

R Republican35

34 Yea 1 Nay

97% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 18, 2025

Upper · Passed

Passed As Amended

upper

Mar 18, 2025

Upper · Passed

Amended

upper

Mar 13, 2025

Upper · Passed

Title Suff Do Pass As Amended

upper

Mar 4, 2025

Committee

Referred To Finance

upper

Feb 27, 2025

Introduced

Transmitted To Senate

lower

Feb 26, 2025

Lower · Passed

Passed

lower

Feb 25, 2025

Lower · Passed

Title Suff Do Pass

lower

Feb 25, 2025

Committee

Referred To Ways and Means

lower

1 primary · 0 co-sponsors