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MS HB1611

Bill

Status

Failed

2/26/2014

Primary Sponsor

Stephen Holland

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Origin

House of Representatives

2014 Regular Session

AI Summary

  • 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.

  • 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).

  • 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.

  • 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.

  • 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

Committee Referrals

Ways and Means2/25/2014

Full Bill Text

No bill text available