MS HB1496

Increases the maximum amount of general obligation bonds that may be issued under the Mississippi Business Investment Act by $4,000,000, from $358,500,000 to $362,500,000.

Increases the amount of bond proceeds available for the Equipment and Public Facilities Grant and Loan Fund by $4,000,000, from $65,100,000 to $69,100,000, for infrastructure improvements, equipment purchases, and public facility construction or renovation in municipalities.

Requires the Mississippi Development Authority to attempt equitable distribution of grants and loans among the state's congressional districts to promote statewide economic development.

Takes effect July 1, 2018.