Bond Commission Advances Infrastructure Spending
Last week, the State Bond Commission took steps to start getting $50 million in infrastructure funding out onto the streets a quickly as possible to help with road and bridge repair and replacement.

The Legislature authorized $50 million for local bridge and road work during the 2018 Regular Session. In order to get the money into the right hands as quickly as possible the Bond Commission expedited issuance of these bonds, taking out a short-term note for half the funding now and preparing for the issuance of the final $25 million during our statewide bond sale later this summer.

The Mississippi Department of Transportation anticipates that about $15-million in projects are ready for work or in their final investigative stages. And, with more than 120 local bridges now closed as part of the Governor’s emergency closure, we knew we couldn’t wait to get this money out so work can begin immediately.

MDOT estimates that the typical bridge replacement project costs about $400,000-$500,000, while the average repairs cost $40,000-50,000. MDOT also estimates that most of the closed bridges will require repairs and not full replacements, so $50 million will go far. Infrastructure is the lifeblood of our economy and I am pleased that the Governor, Attorney General, and I, as the State Bond Commission, were able to expedite this funding.
Still Time for MS Hospitals to Participate in 529 Day
To help promote college savings through Section 529 college savings plans, like Mississippi Affordable College Savings (MACS), we celebrate the birth of two Mississippi babies born on 5-29 (May 29 th ) at 5:29 pm and 5:29 am. We do so with the help of hospitals across Mississippi, and right now, College Savings Mississippi is calling on all hospitals to sign up and participate in this great opportunity for their parents-to-be.

When hospitals sign up to participate, parents who give birth there will be eligible to bring home a $529 MACS scholarship for the baby born at or after, but closest to both 5:29 am and 5:29 pm. So far, the following hospitals have chosen to participate:

Baptist Memorial Hospital - North Mississippi

OCH Regional Medical Center

Forrest General Hospital

Rush Foundation Hospital

Anderson Regional Medical Center

Merit Health Wesley

George Regional Health System

North Mississippi Medical Center

Southwest Mississippi Regional Medical Center

Bolivar Medical Center

Merit Health Central Office

Merit Health Madison

Merit Health River Oaks Hospital

Merit Health River Regional Medical Center

Merit Health Woman's Hospital

Merit Health Natchez

St. Dominic Hospital

Baptist - Memorial Desoto

King's Daughters Medical Center

In addition to their parents being eligible to bring home this scholarship for their babies, all babies born at participating hospitals on May 29 th will receive an “I’m a 529 Baby” bib, as long as supplies last.

There is no cost to hospitals to participate in this special promotion that gets parents thinking about their child’s education truly from Day One! But, we need the final list of participating hospitals by Friday, May 4 th . So if your hospital is not yet on the list, ask them to contact Adeleigh McGee at College Savings Mississippi right away!
College Savings Mississippi Race to College at the State Baseball Championships
College Savings Mississippi will be hosting its annual Race to College relay races at the Mississippi High School Activities Association State Baseball Tournament on Thursday, May 17 th and Friday, May 18 th . Participants will compete for the chance to win a $529 MACS scholarship at each of the six championship games.

This is one of the many programs College Savings Mississippi offers Mississippi residents to help them understand the importance of saving for higher education early, and even to jumpstart their very own savings. Now that MACS can also be used for K12 private, religious, and public school education, it’s even more important to get the word out to families about using MACS to stretch their savings dollar!

You can learn more about the Race to College relays, including how to enter, on my website, www.TreasurerLynnFitch.com .
Office of the Mississippi State Treasurer
Post Office Box 138
Jackson, Mississippi 39205
P: 601.359.3600 / F: 601.359.2001