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VOL. 129 | NO. 40 | Thursday, February 27, 2014

Mississippi Senate Approves Preliminary Borrowing Plan

JEFF AMY | Associated Press

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JACKSON, Miss. (AP) – Plans to borrow money for Mississippi's public universities and community colleges are moving forward.

The Senate passed Senate Bill 2975 Wednesday, which would borrow a total of $95.9 million, including $63 million for the eight universities and $22 million for the 15 community and junior colleges.

That amount is likely to grow after lawmakers agree to money for a new medical school building at the University of Mississippi Medical Center. That amount is expected to be about $30 million.

The bill moves to the House for more work. Lawmakers are unlikely to reach agreement until the Legislature's closing days.

Senate Finance Committee Chairman Joey Fillingane, a Sumrall Republican, says he expects lawmakers will agree to borrow about $200 million this year, about the same amount they agreed to last year.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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