Senate Bill 2977 Summary

• Appropriates $20,106,646.00 from the State General Fund and $150,121,261.00 from the State Treasury to the Mississippi Development Authority for fiscal year 2021 (July 1, 2020 - June 30, 2021).

• Authorizes 212 permanent full-time positions, 2 permanent part-time positions, 56 time-limited full-time positions, and 0 time-limited part-time positions for the agency.

• Allocates $4,876,298.00 for Mississippi Tourism Advertising and Promotion, including $299,000.00 for Tourism Grant Development Awards.

• Provides $59,687,545.00 from the Gulf Coast Restoration Fund for specific projects including city development initiatives, educational facilities, healthcare expansion, and port improvements across coastal Mississippi counties.

• Establishes performance targets for fiscal year 2021 including 1,000 national recruitment contacts, 225 qualified national prospects, 2,500 business interactions, 25,000,000 annual visitors, and $6.80 billion in travel revenue.