MS HB1679

Increases the maximum amount of general obligation bonds that may be issued under the Mississippi Business Investment Act from $351,500,000 to $358,500,000, an increase of $7,000,000.

Raises the amount of bond proceeds the Mississippi Development Authority may use for equipment and public facilities grants or loans to counties and municipalities from $58,100,000 to $65,100,000, an increase of $7,000,000.

Funds from the increased bond proceeds may be used for infrastructure-related improvements, equipment purchases, and purchase, construction, repair, or renovation of public facilities.

Effective July 1, 2017.