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MS SB2665
Bill
AI Summary
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Expands the definition of "contaminated site" under the Economic Redevelopment Act to include Brownfield property subject to a Brownfield agreement under Section 43-35-11, in addition to property abandoned from bankruptcy court orders.
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Maintains existing requirements for counties and municipalities to apply to the Mississippi Development Authority for redevelopment designation, including MDEQ concurrence, a resolution establishing project area boundaries, and a developer agreement.
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Clarifies application procedures based on project location: only the municipality applies if the project falls wholly within municipal boundaries; only the county applies if wholly outside municipalities; both county and municipality must apply if the project spans both areas, though they may submit a single joint application.
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Takes effect July 1, 2012.
Legislative Description
Economic Redevelopment Act; revise definition of "contaminated site" and time in which to apply for designation under.
Last Action
Died In Committee
3/6/2012