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MS HB1230

Bill

Status

Passed

3/17/2021

Primary Sponsor

Scott Bounds

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Amends Mississippi Code sections 57-1-16, 57-1-221, and 57-93-1 to include federal Indian reservations located within Mississippi's geographical boundaries as eligible locations for business development assistance programs.

  • Allows businesses on tribal lands to qualify for the ACE Fund (Accelerating Competitive Excellence), the Industry Incentive Financing Revolving Fund, and the Existing Industry Productivity Loan Fund administered by the Mississippi Development Authority.

  • Businesses on tribal lands must meet the same criteria as other applicants, including job creation requirements, capital investment thresholds, and financial qualification standards established by the MDA.

  • Effective July 1, 2021.

Legislative Description

Mississippi Development Authority; allow businesses located on tribal lands to be eligible for certain discretionary programs.

Last Action

Approved by Governor

3/17/2021

Committee Referrals

Finance2/16/2021
Ways and Means1/18/2021

Full Bill Text

No bill text available