MS SB3102

Authorizes the City of Gautier to impose a 1% special assessment on retail sales generated by tenants, owners, or occupiers at the Singing River Mall site (approximately 88 acres identified by six specific Jackson County parcel numbers).

Assessment revenue may be used for acquisition, construction, reconstruction, expansion, improvement, furnishing, equipping, maintaining, and repairing of properties and infrastructure at the site, and for debt service on bonds issued by the city.

City may contractually provide a portion of assessment revenue to property owners for site improvements, requiring detailed accounting of how funds are expended.

Assessment payments are due by the 15th day of the month following the month in which sales occur, based on retail sales reported to the Mississippi Department of Revenue.

Assessment revenue must be deposited in a separate special fund and accounted for independently from general funds, with annual independent audits required; the act expires July 1, 2023.