MS SB2764

Extends the repeal date from July 1, 2022 to July 1, 2026 for the provision allowing the Mississippi Development Authority to use interest income from taxable bonds in the Local Governments Capital Improvements Revolving Loan Fund for ordinary and necessary general support expenses.

Prohibits the Mississippi Development Authority from using such interest income for salary increases for MDA employees.

Allows the Mississippi Development Authority to escalate its budget and expend interest monies in accordance with Department of Finance and Administration rules in a manner consistent with federal fund escalation.

Takes effect July 1, 2022.