MS HB1411

Increases the maximum amount of general obligation bonds authorized under the Mississippi Business Investment Act from $323,100,000 to $328,900,000.

Increases bond proceeds available for the Equipment and Public Facilities Grant and Loan Fund from $32,500,000 to $37,500,000 for infrastructure improvements, equipment purchases, and public facility construction or renovation in counties and municipalities.

Increases bond proceeds for the Capital Access Program loan loss reserve accounts at participating financial institutions from $750,000 to $1,550,000, with unused amounts available for advancing funds to institutions under the program.

Authorizes the Mississippi Development Authority to distribute grants and loans equitably across all congressional districts to promote statewide economic development.