Senate Bill 2446 Summary

• Amends Section 27-104-371 to clarify and correct names and purposes of projects funded from the 2022 Local Improvements Projects Fund, distributing over $100 million across Mississippi counties and municipalities for infrastructure, fire equipment, courthouse renovations, and community facilities.

• Revises Gulf Coast Restoration Fund appropriation for fiscal year 2023 to $37,857,356 for the Mississippi Development Authority, including specific allocations to Stone County Economic Development Partnership ($600,000) and various coastal redevelopment projects.

• Allows the Mississippi Development Authority to use legislative appropriations (in addition to bond proceeds) from seven different economic development funds to reimburse reasonable administrative costs up to three percent of funds provided.

• Affected funds include the ACE Fund, Mississippi Site Development Grant Fund, Mississippi Business Investment Fund, Economic Development Highway Fund, Mississippi Industry Incentive Financing Revolving Fund, and Mississippi Main Street Investment Grant Fund.