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MS SB2001
Bill
Status
Passed
1/22/2024
Primary Sponsor
Neil Whaley
Click for details
AI Summary
- Creates the "Project Poppy Fund" as a special fund in the State Treasury, with unexpended balances carrying forward rather than lapsing into the General Fund
- Mississippi Development Authority will disburse fund monies as grants or loans for projects involving the manufacture and assembly of battery cells for electric commercial vehicles and industrial applications
- Allows up to 1.25% of appropriated fund monies to reimburse the Mississippi Development Authority for actual oversight costs and engineering expenses, with detailed accounting required for each grant or loan
- Requires the Mississippi Development Authority to file an annual report by January 5 detailing fund disbursements, costs, and the number and amount of grants and loans to the Governor, Lieutenant Governor, Speaker of the House, and relevant committee chairs
- Directs an immediate transfer of $117,614,000 from the Capital Expense Fund to the Project Poppy Fund upon the act's effective date
Legislative Description
Project Poppy Fund; create.
Last Action
Approved by Governor
1/22/2024
Committee Referrals
Appropriations A1/18/2024
Appropriations1/18/2024
Full Bill Text
No bill text available