Bonds; authorize issuance for various Mississippi Development Authority programs.
What changed between versions
Authorizes $20,000,000 in state general obligation bonds for the Mississippi Site Development Grant Fund to support industrial site development improvements.
Authorizes $10,000,000 in state general obligation bonds for the ACE Fund to support economic development initiatives.
Increases bond authority under the Mississippi Business Investment Act by $25,000,000 to expand available funding for economic development grants and loans.
Increases bond proceeds available for equipment and public facilities grants by $5,000,000 to aid infrastructure improvements and public facility construction.
Increases bond proceeds available for port, airport, and rail revitalization loans by $20,000,000 to support commerce and economic growth projects.
Increases bond authority under the Mississippi Major Economic Impact Act by $5,000,000 for defense base closure and realignment projects.
Increases bond authority for the Mississippi Industry Incentive Financing Revolving Fund by $20,000,000 and extends the bond issuance period until July 1, 2029.
Removes the State Bond Commission's authority to determine the appropriate method for selling certain bonds and to negotiate their sale, transferring this authority elsewhere.
Extends the period during which bonds may be issued for the Mississippi Industry Incentive Financing Revolving Fund until July 1, 2029.