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MS HB1611
Bill
Status
2/26/2014
Primary Sponsor
Stephen Holland
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AI Summary
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Designates programs and projects promoting Mississippi's heritage, history, and culture as a priority for the Division of Tourism Development of the Mississippi Development Authority.
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Establishes the Statewide Tourism Projects Fund to receive up to $15 million in state general obligation bond proceeds for nine specific tourism projects including the Mississippi Arts and Entertainment Center ($5 million), Elvis Presley Birthplace Museum ($2 million), and civil rights historical sites ($2 million).
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Creates the Mississippi Heritage, History and Culture Tourism Fund to receive up to $5 million in bond proceeds for various tourism programs and projects addressing the state's heritage, history, culture, literature, and arts.
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Authorizes issuance of up to $20 million in general obligation bonds (deadline July 1, 2018) to fund both special funds, with proceeds distributed by the Department of Finance and Administration.
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Requires projects funded from the Statewide Tourism Projects Fund to demonstrate significant tourism impact, complete cost-benefit analysis, adequate planning, and matching funds from private, local government, or federal sources of at least 10 percent of state funds used.
Legislative Description
Bonds; authorize issuance to provide funds for certain tourism purposes.
Last Action
Died In Committee
2/26/2014