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MS SB2983

Bill

Status

Failed

3/15/2022

Primary Sponsor

Josh Harkins

Click for details

Origin

Senate

2022 Regular Session

AI Summary

  • Authorizes $10,000,000 in general obligation bonds for the Mississippi Site Development Grant Fund to support site improvements on publicly owned or optioned industrial property, with expanded eligible expenditures including public infrastructure, telecommunications, and property acquisition

  • Authorizes $20,000,000 in general obligation bonds for the ACE Fund to support economic development programs administered by the Mississippi Development Authority

  • Increases the Mississippi Business Investment Act bond authorization by $10,000,000 (from $397,500,000 to $407,500,000) and raises the equipment and public facilities grant/loan fund cap by $10,000,000 (from $104,100,000 to $114,100,000)

  • Increases bonds for military base protection projects under the Mississippi Major Economic Impact Act from $77,000,000 to $80,000,000, and adds $8,000,000 to Economic Development Highway Act bonds (from $391,500,000 to $398,500,000)

  • Increases the Mississippi Industry Incentive Financing Revolving Fund bond authorization by $10,000,000 (from $504,000,000 to $514,000,000), with all new bond issuances expiring July 1, 2026

Legislative Description

Bonds; authorize issuance for various Mississippi Development Authority programs.

Last Action

Died In Committee

3/15/2022

Committee Referrals

Ways and Means2/24/2022
Finance2/3/2022

Full Bill Text

No bill text available