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MS HB1561
Bill
Status
2/4/2025
Primary Sponsor
Earle Banks
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AI Summary
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Amends Mississippi Code Section 5-3-57 to grant the Joint Legislative Committee on Performance Evaluation and Expenditure Review (PEER) authority to evaluate and monitor all contracts for economic development projects that are fully or partially funded with tax dollars.
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Requires PEER to ensure minority contractor participation is fair and equitable in these contracts, including review of the bid process, contract awards, bid pre-qualification requirements, and state bonding requirements.
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Directs PEER to examine whether state bonding requirements are restrictive and prevent an open market of bond providers in economic development contracting.
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Takes effect July 1, 2025.
Legislative Description
PEER; authorize to monitor certain contracts for economic development projects to ensure fair minority contract participation.
Last Action
Died In Committee
2/4/2025