Mississippi Public Universities
IHL Press Release
BOARD APPROVES ALLOCATION OF FUNDS, UM BOND ISSUE
7/8/2009 - Jackson, Miss.

On Tuesday, July 7, 2009, the Board of Trustees of State Institutions of Higher Learning (IHL) met by teleconference to discuss the allocation of state appropriated funds within the System.

State appropriated funds for FY 2010, which include FY 2009 and FY 2010 American Recovery and Reinvestment Act dollars, total nearly $799.2 million. This represents a 1.3 percent increase over the original FY 2009 appropriation of $788.7 million. The Board voted to approve the allocation of funds as follows.

  • On and Off Campus (eight universities): $420.4 million (down 0.2 percent)
  • Student Financial Aid: $31.9 million (up 4.9 percent)
  • University of Mississippi Medical Center: $236.7 million (up 3.0 percent)
  • Agricultural Programs: $82.1 million (up 1.1 percent)
  • Institutes and Centers: $28 million (up 7.8 percent)

The Board also voted to approve a request by the University of Mississippi to begin the process to issue bonds to support the second phase of its residential college project (North College). The project will provide 310 double occupancy rooms and 13 single occupancy rooms. The bond issue will not exceed $18.5 million.

The Mississippi Board of Trustees of State Institutions of Higher Learning governs the public universities in Mississippi, including Alcorn State University; Delta State University; Jackson State University; Mississippi State University including the Mississippi State University Division of Agriculture, Forestry and Veterinary Medicine; Mississippi University for Women; Mississippi Valley State University; the University of Mississippi including the University of Mississippi Medical Center; and the University of Southern Mississippi.

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