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Read. Follow. Verify.Mississippi Legislature considers authorizing $540,000 in general obligation bonds for the West Central Mississippi Incubator Grant Program
Last action · February 25, 2026: 02/25 (S) Died In CommitteeSponsor: Joseph Thomas
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What This Bill Proposed
Senate Bill 3047 authorizes the issuance of up to $540,000 in state to fund the West Central Mississippi Incubator Grant Program across six counties. The bill establishes a special fund in the State Treasury to manage the proceeds and sets a final issuance deadline of July 1, 2030.
The measure determines whether state debt is issued to finance business incubator grants in Humphreys, Madison, Sharkey, Sunflower, Washington, and Yazoo Counties, backed by the full faith and credit of Mississippi.
- State general obligation bonds in Mississippi are debt instruments backed by the full faith and credit of the state, requiring legislative authorization. context
- Business incubator grant programs are designed to support early-stage startup companies by providing workspace, shared resources, and administrative support. context
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
State Bond Commission
The commission is authorized to issue, sell, and manage general obligation bonds and determine their terms.
Department of Finance and Administration
The department is authorized to disburse funds from the special fund to defray grant program expenses.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What is the maximum amount of bonds that can be issued?
Which counties are included in the grant program?
By what date must the bonds be issued?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died in committee.
Procedural history
2 actions- Feb 25, 2026Senate02/25 (S) Died In Committee
- Feb 10, 2026SenateCommittee02/10 (S) Referred To Finance
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Connected Entities
Sources
billstatus.ls.state.ms.us
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 35)
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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