MS SB2840

Authorizes the Mississippi Arts Commission to retain up to one percent (1%) of monies in the Building Fund for the Arts to cover administrative costs of operating the grant program.

The Building Fund for the Arts provides grants to nonprofit 501(c)(3) organizations and local government units for arts facility projects including repair, renovation, construction, and equipment.

Grant recipients must provide matching funds from local, federal, or private sources equal to forty percent (40%) of the proposed project cost.

Fund monies do not lapse at the end of each fiscal year and investment earnings are retained in the fund.

Effective July 1, 2024.