Adopted
AMENDMENT NO 1 TO COMMITTEE AMENDMENT NO 1 PROPOSED TO
House Bill No. 246
BY: Senator(s) Robertson
AMEND by striking lines 355 through 391 and inserting in lieu thereof the following:
(*) Monies deposited into the fund shall be disbursed, in the discretion of the Department of Finance and Administration, to pay the costs of acquisition of real property, construction of new facilities, equipping and furnishing facilities, including furniture and technology equipment and infrastructure, and addition to or renovation of existing facilities for community and junior college campuses as recommended by the State Board for Community and Junior Colleges. The amount to be expended at each community and junior college is as follows:
Coahoma..................................... $ 1,405,996.00
Copiah-Lincoln.............................. 1,675,794.00
East Central................................ 1,573,763.00
East Mississippi............................ 1,931,730.00
Hinds....................................... 3,252,672.00
Holmes...................................... 2,109,276.00
Itawamba.................................... 2,226,920.00
Jones....................................... 2,186,394.00
Meridian.................................... 1,769,673.00
Mississippi Delta........................... 1,703,860.00
Mississippi Gulf Coast...................... 2,828,859.00
Northeast Mississippi....................... 1,720,939.00
Northwest Mississippi....................... 2,400,918.00
Pearl River................................. 1,824,095.00
Southwest Mississippi....................... 1,389,111.00
GRAND TOTAL................................. $30,000,000.00
(*) Amounts deposited into such special fund shall be disbursed to pay the costs of projects described in paragraph (a) of this subsection. If any monies in such special fund are not used within four (4) years after the date the proceeds of the bonds authorized under this section are deposited into the special fund, then the community college or junior college for which any such monies are allocated under paragraph (a) of this subsection shall provide an accounting of such unused monies to the commission. Promptly after the commission has certified, by resolution duly adopted, that the projects described in paragraph (a) of this subsection shall have been completed, abandoned, or cannot be completed in a timely fashion, any amounts remaining in such special fund shall be applied to pay debt service on the bonds issued under this section, in accordance with the proceedings authorizing the issuance of such bonds and as directed by the commission.