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MS HB841

Bill

Status

Failed

2/10/2022

Primary Sponsor

John Read

Click for details

Origin

House of Representatives

2022 Regular Session

AI Summary

  • 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."

  • 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).

  • 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.

  • 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.

  • 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

Committee Referrals

Appropriations1/17/2022

Full Bill Text

No bill text available