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MS SB2983
Bill
AI Summary
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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
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Authorizes $20,000,000 in general obligation bonds for the ACE Fund to support economic development programs administered by the Mississippi Development Authority
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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)
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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)
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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