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MS HB841
Bill
Status
2/10/2022
Primary Sponsor
John Read
Click for details
AI Summary
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Directs State Fiscal Officer to transfer $25,000,000 from the Coronavirus State Fiscal Recovery Fund to the newly created "Mississippi Tourism Recovery Fund - Round 2."
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Allocates funds to destination marketing organizations: up to $4,532,480 based on 75% of their 2019 marketing expenditures, and up to $20,467,520 based on their proportion of 2019 tourism visitor contributions (with a $400,000 minimum per organization).
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Requires destination marketing organizations to obligate all funds by December 31, 2024 and fully expend them by December 31, 2026, with semi-annual reporting on expenditures and economic impacts to state officials and the Department of Audit.
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Creates the "Mississippi Destination Development Fund" for purposes including planning assistance, outdoor venue enhancement, downtown revitalization, public health amenities at tourism attractions, recreational offerings, and wayfinding signage.
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Requires recipient organizations to use funds only for eligible marketing activities and comply with federal American Rescue Plan Act regulations, with non-compliant expenditures subject to repayment requirements.
Legislative Description
Mississippi Tourism Recovery Fund - Round 2; create.
Last Action
Died On Calendar
2/10/2022