reglab/statecodes huggingface dataset:
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 26 - TOURISM PROJECT INCENTIVE PROGRAM; THEME PARKS, ENTERTAINMENT CENTERS, SCENIC ATTRACTIONS, ETC (§§ 57-26-1 — 57-26-7) › Section 57-26-3 - Creation of Tourism Project Sales Tax Incentive Fund; incentive payments

(1)
(a)
There is created in the State Treasury a special fund to be known as the "Tourism Project Sales Tax Incentive Fund," into which shall be deposited such money as provided in Section
27-65-75(16)
. The monies in the fund shall be used for the purpose of making the incentive payments authorized in this section. The fund shall be administered by the MDA. Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, and any interest earned on or investment earnings on the amounts in the fund shall be deposited to the credit of the fund. The MDA may use not more than one percent (1%) of interest earned or investment earnings, or both, on amounts in the fund for administration and management of the incentive program authorized under Sections
57-26-1
through
57-26-5
.
(b)
Subject to the provisions of this section, incentive payments may be made by the MDA to an approved participant that incurs approved project costs to locate a tourism project in the state. The payments to an approved participant shall be for eighty percent (80%) of the amount of sales tax revenue collected from the operation of the tourism project, after making the diversions required in Section
27-65-75(7) and (8)
. The MDA shall make payments to an approved participant on a semiannual basis with payments being made in the months of January and July. The aggregate amount of incentive payments that an approved participant may receive shall not exceed thirty percent (30%) of the approved project costs incurred by the approved participant for the tourism project. Expansions, enlargements or additional investments made by an approved participant will not increase authorized incentive payments certified by the MDA. The MDA shall make the calculations necessary to make the payments provided for in this section. The MDA shall cease making incentive payments to an approved participant on the occurrence of the earlier of:
(i)
The date that an aggregate amount of thirty percent (30%) of the approved project costs incurred by the approved participant for the tourism project has been paid to the approved participant; or
(ii)
Fifteen (15) years after the date the tourism project opens for commercial operation.
(2)
At such time as incentive payments are no longer required to be made to an approved participant, the MDA shall notify the Department of Revenue and the sales tax revenue collected from the tourism project shall no longer be deposited into the Tourism Project Sales Tax Incentive Fund. Any amounts remaining in the fund that were collected from such project shall be transferred to the State General Fund.
Laws, 2007, ch. 574, § 2, eff. 7/1/2007.
Amended by Laws, 2013, ch. 558, SB 2463, 1, eff. 7/1/2013.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 26 - TOURISM PROJECT INCENTIVE PROGRAM; THEME PARKS, ENTERTAINMENT CENTERS, SCENIC ATTRACTIONS, ETC (§§ 57-26-1 — 57-26-7) › Section 57-26-5 - Development, implementation and administration of incentive program; participation in incentive program; application; issuance of certificate of participation; cost benefit analysis of project required

(1)
The MDA shall develop, implement and administer the incentive program authorized in Sections
57-26-1
through
57-26-5
and shall promulgate rules and regulations necessary for the development, implementation and administration of such program.
(2)
A person, corporation or other entity desiring to participate in the incentive program authorized in Sections
57-26-1
through
57-26-5
must submit an application and an application fee in the amount of Five Thousand Dollars ($5,000.00) to the MDA. Such application must contain (a) plans for the proposed tourism project; (b) a detailed description of the proposed tourism project; (c) the method of financing the proposed tourism project and the terms of such financing; (d) an independent study that identifies the number of out-of-state visitors anticipated to visit the project and the ratio of out-of-state visitors to in-state visitors; and (e) any other information required by the MDA. The Executive Director of the MDA shall review the application and determine if it qualifies as a tourism project under this section and under the rules and regulations promulgated pursuant to this section. If the executive director determines the proposed tourism project qualifies as a tourism project under this section and under the rules and regulations promulgated pursuant to this section, he shall issue a certificate to the person, corporation or other entity designating such person, corporation or other entity as an approved participant and authorizing the approved participant to participate in the incentive program provided for in Sections
57-26-1
through
57-26-5
. No certificate designating an entity as an approved participant and authorizing the approved participant to participate in the incentive program shall be issued from and after July 1, 2014, for tourism projects that are cultural retail attractions, or from and after July 1, 2027, for other tourism projects. For tourism projects that are cultural retail attractions, no such issued certificate shall be altered or extended after the date last approved as of July 1, 2020.
(3)
The MDA shall cause a cost-benefit analysis of the tourism project to be performed by a state institution of higher learning, the university research center or some other entity approved by the MDA.
Laws, 2007, ch. 574, § 3; Laws, 2011, ch. 479, § 2, eff. 3/30/2011.
Amended by Laws, 2023, ch. 514, SB 2695,§ 1, eff. 7/1/2023.
Amended by Laws, 2020, ch. 440, SB 2847,§ 2, eff. 7/1/2020.
Amended by Laws, 2016, ch. 483, SB 2922, 4, eff. 7/1/2016.
Amended by Laws, 2014, ch. 511, HB 1358, 1, eff. 7/1/2014.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 26 - TOURISM PROJECT INCENTIVE PROGRAM; THEME PARKS, ENTERTAINMENT CENTERS, SCENIC ATTRACTIONS, ETC (§§ 57-26-1 — 57-26-7) › Section 57-26-7 - Prohibition against Mississippi Development Authority approving applications submitted after June 30, 2014, for certain projects

The MDA shall not approve any application submitted after June 30, 2014, pursuant to Section
57-26-5
for a project that includes any resort development.
Laws, 2009, ch. 356, § 2, eff. 3/17/2009.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 27 - REGIONAL TOURIST PROMOTION COUNCILS (§§ 57-27-1 — 57-27-15) › Section 57-27-1 - Definitions

As used in this chapter, the following words and phrases shall have the following meanings, unless the context hereof clearly indicates otherwise:
(a)
"Regional tourist promotion council" shall mean a corporation organized pursuant to the provisions of the Mississippi Nonprofit Corporation Law established for the purposes authorized in this chapter, and which is recognized by the Mississippi Board of Economic Development as qualifying under the provisions of this chapter.
(b)
"Board" shall mean the Mississippi Board of Economic Development or any successor agency that may be designated by law to succeed to the duties of the Mississippi Board of Economic Development with respect to the promotion of tourist travel and vacation business in Mississippi.
(c)
"Natural promotion regions" shall consist of the following area tourist councils:
(i)
Area Tourist Council One: DeSoto, Tate, Panola, Yalobusha, Grenada, Calhoun, Lafayette, Marshall, Benton, Union, Pontotoc, Tippah, Alcorn, Tishomingo, Prentiss, Lee and Itawamba.
(ii)
Area Tourist Council Two: Tunica, Coahoma, Quitman, Bolivar, Tallahatchie, Sunflower, Leflore, Carroll, Washington, Humphreys, Holmes, Issaquena and Sharkey.
(iii)
Area Tourist Council Three: Chichasaw, Monroe, Montgomery, Webster, Clay, Choctaw, Oktibbeha, Lowndes, Attala, Winston, Noxubee, Leake, Neshoba, Kemper, Scott, Newton, Lauderdale, Smith, Jasper and Clarke.
(iv)
Area Tourist Council Four: Warren, Yazoo, Madison, Hinds, Rankin, Claiborne, Copiah, Simpson, Jefferson, Adams, Franklin, Lincoln, Lawrence, Wilkinson, Amite, Pike and Walthall.
(v)
Area Tourist Council Five: Jefferson Davis, Covington, Jones, Wayne, Marion, Lamar, Forrest, Perry, Greene, Pearl River, Stone, George, Hancock, Harrison and Jackson.
Upon the approval of the Mississippi Board of Economic Development, the area tourist councils established by subsection (c) may reorganize in order to allow a county to join that council with which it feels most closely connected, taking into consideration such factors as common interests and compatibility with the member counties.
Laws, 1973, ch. 390, § 1; Laws, 1974, ch. 307; Laws, 1979, ch. 438, § 15, eff. 2/1/1980.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 27 - REGIONAL TOURIST PROMOTION COUNCILS (§§ 57-27-1 — 57-27-15) › Section 57-27-3 - Organization of nonprofit corporation; application for recognition as regional council; inclusion of county in adjacent natural region

Any group of interested citizens and residents of counties comprising a natural promotion region of this state, and who are residents of counties representing not less than fifty percent (50%) of the total population of the region, but in no event less than fifteen (15) individuals, who shall form a nonprofit corporation pursuant to the provisions of the Mississippi Nonprofit Corporation Law for the purpose of promoting tourist travel and vacation business in the counties comprising the natural promotion region, and whose charter, bylaws and purpose are in compliance with the rules and regulations promulgated by the board pursuant to the provisions of this chapter, may apply for recognition by the board as a regional tourist promotion council under this chapter. Provided, that upon approval of the board, a county in one (1) natural promotion region of the state may be included within the area comprising a different and adjacent natural promotion region if, and when, experience establishes that the county tourist values are more closely identified with the other region.
Laws, 1973, ch. 390, § 2; Laws, 1979, ch. 438, § 16, eff. 2/1/1980.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 27 - REGIONAL TOURIST PROMOTION COUNCILS (§§ 57-27-1 — 57-27-15) › Section 57-27-5 - Designation and certification of nonprofit corporation as regional council; revocation or suspension of designation

The board, upon receipt of a copy of incorporation papers, constitution, bylaws and resolutions, if any, of a nonprofit corporation applying for recognition as a regional tourist promotion council under the provisions of this chapter is hereby authorized to designate such corporation as a regional tourist promotion council whenever the board shall determine:
(1)
that the applying agency is established under the Mississippi Nonprofit Corporation Law, and has a constitution and bylaws governing the activities and purposes of said corporation which are in compliance with the rules and regulations of the board;
(2)
that the charter, constitution or bylaws of the applying council provide for the selection of a board of directors, and successor members on said boards, of persons who have demonstrated knowledge of and interest in the tourist travel and vacation business in the various counties comprising the council to be served by the agency;
(3)
that the applying council has furnished a proposed plan and demonstration of financial resources to establish and promote an active tourist travel and vacation business promotion program within the region.
Upon determining that an applying corporation is eligible for designation as a regional tourist promotion council, the Mississippi Agricultural and Industrial Board shall upon a majority vote of said board designate such council as the participating council for such region and shall certify same to the applying council. The board is hereby authorized to revoke or suspend its designation of any regional tourist promotion council whenever the board shall determine that said council is not complying with the rules and regulations of the board, or has failed to comply with the terms of any grant made to such council pursuant to the provisions of this chapter.
Laws, 1973, ch. 390, § 3, eff. 7/1/1973.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 27 - REGIONAL TOURIST PROMOTION COUNCILS (§§ 57-27-1 — 57-27-15) › Section 57-27-7 - State matching grants; contents of application; limitation on amount

(1)
The travel and tourism department of the board is hereby authorized, upon approval of the board, to make grants, from funds specifically appropriated for such purposes, to regional tourist promotion councils to assist such councils in the financing of promotional and advertising programs and to encourage and stimulate tourist travel and vacation business within the region. Provided, that before any such grant may be made, the regional tourist promotional council shall have made application to the board for such grant, and shall have set forth therein the promotion and advertising program and project, or projects, proposed to be undertaken for the purpose of encouraging and stimulating the tourist travel and vacation business within the region. The application shall further state, under oath or affirmation, the amount of funds held by or committed or subscribed to the regional tourist promotion council for application to the purposes herein described and the amount of the grant for which application is made.
(2)
The board, after review of the application, if satisfied that the program of the regional tourist promotion council appears to be in accord with the purposes of this chapter, shall authorize the making of a matching grant to such regional tourist promotion council equal to the funds of the council allocated by it to the program described in the application; provided, however, that the state grant shall not exceed an amount equal to the total amount apportioned to the region as outlined herein.
Laws, 1973, ch. 390, § 4, eff. 7/1/1973.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 27 - REGIONAL TOURIST PROMOTION COUNCILS (§§ 57-27-1 — 57-27-15) › Section 57-27-9 - Acceptance of gifts, grants or donations by council; review and allocation of state matching funds

The board and/or regional tourist promotion council are hereby authorized to accept gifts, grants or donations from the federal government or agencies thereof, and from private individuals, foundations or concerns to be used in furtherance of the purposes of this chapter.
The board shall annually review the amount of funds appropriated by the Mississippi Legislature, and other funds that may be available therefor, and shall apportion said funds to various participating regional tourist promotion councils for grant purposes on the following basis: Twenty percent (20%) shall be apportioned to each of the five (5) congressional districts. If, at the end of a six (6) month period, an area has not applied for the full amount allocated to it, the money shall be reallocated to the other areas during the last six (6) months of the fiscal year for use in compliance with the provisions of this chapter.
Laws, 1973, ch. 390, § 5, eff. 7/1/1973.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 27 - REGIONAL TOURIST PROMOTION COUNCILS (§§ 57-27-1 — 57-27-15) › Section 57-27-11 - Purposes for which matched funds may be expended

At least twenty-five percent (25%) of the total matching funds of any participating regional tourist promotion council shall be first used in the production, preparation and printing of a regional tourist promotion brochure, and the participating council shall thereafter allocate such funds, as may be designated by the board, for the revision, reproduction and printing of such regional promotion brochure as the board may designate. The balance of matched funds available to each regional tourist promotion council may be used for needed approved tourist promotion, advertising or research programs designated to encourage and stimulate the visitor and vacation business within the region as may have been approved by the board.
No part of the matched funds provided by the participating council, or made available on a matching basis by the board, may be used by a regional tourist promotion council for administrative salaries or expenses, it being the intent hereof that all matched funds shall be used for the purposes for which the application and grant is made.
Laws, 1973, ch. 390, § 6, eff. 7/1/1973.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 27 - REGIONAL TOURIST PROMOTION COUNCILS (§§ 57-27-1 — 57-27-15) › Section 57-27-13 - Grants to be made on matching basis; notice of approval of application and payment of grant; investigations and audits

All grants under the provisions of this chapter shall be on a matching basis with the applying council furnishing fifty percent (50%) of the funds and the state grants in no event exceeding an amount equal to the funds supplied by the council. Upon approval of each application and the making of a grant by the board in accordance therewith, the board shall give notice to the applying regional tourist promotion council of such approval and grant, and shall direct the regional tourist promotion council to proceed with its promotional program as described in its application, and to use therefor funds allocated by the regional tourist promotion council for such purposes. Upon the furnishing of said evidence to the board that the particular regional tourist promotion council has proceeded in accordance with the terms of the application, the grant allocated to such agency shall be paid to the council by the board.
The board may, from time to time, make such investigations and audits, and require each participating council to furnish such evidence or proof, to determine that all funds granted under the provisions of this chapter are being handled and expended for the purposes as approved by the board in awarding the grant.
Laws, 1973, ch. 390, § 7, eff. 7/1/1973.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 27 - REGIONAL TOURIST PROMOTION COUNCILS (§§ 57-27-1 — 57-27-15) › Section 57-27-15 - Designation of state agency to administer chapter

The travel and tourism department of the board is hereby designated as the administrative agency of this state to act, under the authority of the board, in administering the provisions of this chapter.
Laws, 1973, ch. 390, § 7, eff. 7/1/1973.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 28 - TOURISM PROJECT INCENTIVE PROGRAM; ENTERTAINMENT DISTRICTS, ETC (§§ 57-28-1 — 57-28-5) › Section 57-28-1 - Definitions

As used in Sections
57-28-1
through
57-28-5
, the following terms and phrases shall have the meanings ascribed in this section unless the context clearly indicates otherwise:
(a)
"Approved project costs" means actual costs incurred by an approved participant for land acquisition, construction, engineering, design and other costs approved by the Mississippi Development Authority relating to a tourism project. The term "approved project costs" also may include, if approved by the Mississippi Development Authority, costs described above that are incurred by an approved participant within three (3) months after the date a tourism project opens for commercial operation. All costs must be verified by an independent third party approved by the MDA. An approved participant shall pay the costs for the third party verification of costs.
(b)
"Approved participant" means a person, corporation or other entity issued a certificate by the Mississippi Development Authority under Section
57-28-5
.
(c)
"MDA" means the Mississippi Development Authority.
(d)
"Tourism project" shall include an entertainment district described below and may include any of the following as may be approved by the MDA:
(i)
A hotel with a minimum private investment of Forty Million Dollars ($40,000,000.00) in land, buildings, architecture, engineering, fixtures, equipment, furnishings, amenities and other related soft costs approved by the Mississippi Development Authority, and having a minimum private investment of One Hundred Fifty Thousand Dollars ($150,000.00) per guest room which amount shall be included within the minimum private investment of Forty Million Dollars ($40,000,000.00);
(ii)
A nationally branded, themed entertainment district consisting of restaurants, bars, amphitheaters, live theaters, other entertainment venues and commercial improvements that the MDA determines to be tourism related located within the entertainment district, with a minimum private investment of Seventy-five Million Dollars ($75,000,000.00);
(iii)
A nationally branded museum/aquarium with a minimum private investment of Forty Million Dollars ($40,000,000.00); and
(iv)
A public golf course with a minimum private investment of Ten Million Dollars ($10,000,000.00).
In addition, in order for a tourism project to be eligible to qualify under the provisions of Sections
57-28-1
through
57-28-5
, the tourism project must be located on a project site, and construction of the tourism project must begin no later than June 1, 2017.
(e)
"Project site" means a planned mixed use development located on at least four thousand (4,000) acres of land that will consist of commercial, recreational, resort, tourism and residential development, for which the initial phase of development shall begin no later than June 1, 2007.
(f)
"State" means the State of Mississippi.
Laws, 2006, 1st Ex Sess, ch. 2, § 4; Laws, 2009, ch. 464, § 3, eff. 7/1/2009.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 28 - TOURISM PROJECT INCENTIVE PROGRAM; ENTERTAINMENT DISTRICTS, ETC (§§ 57-28-1 — 57-28-5) › Section 57-28-5 - Development, implementation and administration of incentive program; participation in incentive program; application; issuance of certificate of participation

(1)
The MDA shall develop, implement and administer the incentive program authorized in Sections
57-28-1
through
57-28-5
and shall promulgate rules and regulations necessary for the development, implementation and administration of such program.
(2)
A person, corporation or other entity desiring to participate in the incentive program authorized in Sections
57-28-1
through
57-28-5
must submit an application to the MDA. Such application must contain (a) plans for the proposed tourism project; (b) a detailed description of the proposed tourism project; (c) the method of financing the proposed tourism project and the terms of such financing; and (d) any other information required by the MDA. An application must be submitted no later than June 1, 2017. The Executive Director of the MDA shall review the application and determine if it qualifies as a tourism project. If the executive director determines the proposed tourism project qualifies as a tourism project, he shall issue a certificate to the person, corporation or other entity designating such person, corporation or other entity as an approved participant and authorizing the approved participant to participate in the incentive program provided for in Sections
57-28-1
through
57-28-5
.
(3)
If a person, entity or other person submits an application to the MDA to participate in the incentive program authorized in Sections
57-28-1
through
57-28-5
, a gaming license may not be issued by the state for any establishment located in the project site.
Laws, 2006, 1st Ex Sess, ch. 2, § 6; Laws, 2009, ch. 464, § 4, eff. 7/1/2009.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 29 - TRAVEL AND TOURISM (§§ 57-29-1 — 57-29-25) › IN GENERAL (§§ 57-29-1 — 57-29-3) › Section 57-29-1 - Vacation guide; definitions

As used in this section and Section
57-29-3
, the following words and phrases shall have the meanings herein ascribed to them unless the context clearly indicates otherwise:
(a)
"Vacation Guide" shall mean a publication, compiled, edited and published by the Mississippi Agricultural and Industrial Board, distributed free to the members of the general public and containing no advertising and no photographs or listings of public officials.
(b)
"Board" shall mean the Mississippi Agricultural and Industrial Board or any successor agency that may be designated by law to succeed to the duties of the agricultural and industrial board with respect to the promotion of tourist travel and vacation business in Mississippi.
(c)
"Publication agency" shall mean any printer, photographer, publication designer, binder, or copywriter or any agency whose technical, production or supply services are a prerequisite to the support of the above functions.
Laws, 1974, ch. 344, § 1, eff. 3/14/1974.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 29 - TRAVEL AND TOURISM (§§ 57-29-1 — 57-29-25) › IN GENERAL (§§ 57-29-1 — 57-29-3) › Section 57-29-3 - Vacation guide; publication

The travel and tourism department of the board is hereby authorized, upon approval of the board, to solicit bids from competent publication agencies and to expend such funds as may be appropriated for the purpose of publishing a vacation guide.
Laws, 1974, ch. 344, § 2, eff. 3/14/1974.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 29 - TRAVEL AND TOURISM (§§ 57-29-1 — 57-29-25) › TOURISM STUDY COMMISSION [Repealed] (§ 57-29-11) › Section 57-29-11 - through 57-29-21 - [Repealed]

Repealed by Laws, 1979, ch. 438, § 11, eff. 2/1/1980.
Laws 1975, ch. 498, §§ 1-6
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 29 - TRAVEL AND TOURISM (§§ 57-29-1 — 57-29-25) › MISSISSIPPI TOURISM ADVISORY BOARD (§ 57-29-25) › Section 57-29-25 - [Repealed]

Repealed by its own terms, eff.7/1/2010.
Laws, 2008, ch. 543, § 1, eff. 5/9/2008.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 30 - FAMILY-ORIENTED ENTERPRISES (§§ 57-30-1 — 57-30-5) › Section 57-30-1 - Definitions

As used in this chapter, the following terms and phrases shall have the meanings ascribed in this section unless the context clearly indicates otherwise:
(a)
"Approved participant" means a person, corporation or other entity issued a certificate by the Mississippi Development Authority under Section
57-30-3
.
(b)
"MDA" means the Mississippi Development Authority.
(c)
"Project" means any family-oriented entertainment enterprise such as campgrounds and theme parks, as designated by the Mississippi Development Authority, with an initial capital investment of not less than Five Million Dollars ($5,000,000.00) in federal, local and/or private funds if located in a county in a Tier One area, as designated under Section
57-73-21
, or with an initial capital investment of not less than Three Million Dollars ($3,000,000.00) in federal, local and/or private funds if located in a county in a Tier Two area or Tier Three area as designated in Section
57-73-21
. Whether a county is in a Tier One area, Tier Two area or Tier Three area shall be determined by the classification of the area at the time the initial investment is made. The term "project" also means any of the following ancillary businesses if located on the project site or within one (1) mile of the project and owned by the owner of the family-oriented entertainment enterprise or owned by an entity legally affiliated with the owner of the family-oriented entertainment enterprise:
(i)
auditoriums,
(ii)
dining facilities,
(iii)
gift shops, and
(iv)
lodging facilities. However, the capital investment in any such dining facility or lodging facility shall not be included for purposes of meeting the minimum capital investment requirement for a project. The term "project" does not mean any business, corporation or entity having a gaming license issued under Section
75-76-1
et seq., Mississippi Code of 1972, but may include a family-oriented entertainment enterprise owned by such a business, corporation or entity that is in excess of development that the State Gaming Commission requires for the issuance or renewal of a gaming license.
(d)
"State" means the State of Mississippi.
Laws, 2000, ch. 616, § 1; Laws, 2002, ch. 549, § 1; reenacted without change, Laws, 2004, ch. 580, § 1, eff. 5/27/2004.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 30 - FAMILY-ORIENTED ENTERPRISES (§§ 57-30-1 — 57-30-5) › Section 57-30-5 - [Repealed]

Repealed by its own terms Laws of 2004, ch. 580, § 3 eff. 7/1/2005.
Laws, 2004, ch. 580, § 3, eff. 5/27/2004.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 31 - COUNTY INDUSTRIAL DEVELOPMENT AUTHORITIES (§§ 57-31-1 — 57-31-35) › Section 57-31-1 - Establishment; composition; qualifications, appointment, and terms of office of members

Any county in the State of Mississippi bordering on the Mississippi-Alabama state line, traversed by the Tombigbee River and in which is situated a senior institution of higher learning under the control of the Board of Trustees of Institutions of Higher Learning of the State of Mississippi, where the board of supervisors of such county shall find and determine that the public convenience and necessity requires the same, as evidenced by a resolution duly adopted and entered on the official minutes of such board, shall establish an industrial development authority, to be known as the industrial development authority of such county. The county industrial development authority shall be composed of seven (7) resident citizens of such county, who shall be qualified electors therein, appointed by the board of supervisors of such county for a term of four (4) years. One (1) member of such authority shall be appointed by the board of supervisors from each of the five (5) supervisors districts of said county, and the remaining two (2) members thereof shall be appointed from the county-at-large by said board of supervisors, from a list of four (4) nominees recommended by a nonprofit industrial development foundation operating within such county. Upon the creation of such authority, the members appointed thereto from supervisor district numbers one (1) and two (2) of such county shall be appointed for a term of one (1) year; the members thereof appointed from supervisor district numbers three (3) and four (4) shall be appointed for a term of two (2) years; the members thereof appointed from the county-at-large shall be appointed for a term of three (3) years; and the members thereof appointed from supervisor district number five (5) shall be appointed for a term of four (4) years. Thereafter, all appointments to such authority shall be for a term of four (4) years, or until a successor is qualified and appointed.
Said authority may, with the approval of the board of supervisors of the county in which the same is situated, authorize appointment of two (2) additional associate members of said authority to be appointed by the board of supervisors of any counties adjacent and contiguous to the county in which such authority is created, to serve without a vote.
Laws, 1974, ch. 504, § 1, eff. 4/2/1974.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 31 - COUNTY INDUSTRIAL DEVELOPMENT AUTHORITIES (§§ 57-31-1 — 57-31-35) › Section 57-31-3 - Oath and bond of members; meetings; compensation of members

Before entering upon the duties of the office, each member of such authority, except any associate members, shall take and subscribe the oath of office required by Section 268, Mississippi Constitution of 1890, and shall give bond in the sum of five thousand dollars ($5,000.00), conditioned upon the faithful performance of his duties, such bond to be made payable to the county in which said authority is situated, and to be approved by the board of supervisors of such county. The members of such industrial development authority shall meet at the regular meeting place of the board of supervisors of such county within five (5) days after the members are initially appointed, and shall elect from among their number a president, vice president, and secretary-treasurer of the authority, and shall adopt a seal and such by-laws, rules and regulations as may be necessary to govern the time, place and manner for holding subsequent meetings of the authority and for conduct of its business, not inconsistent with the provisions of this chapter. The members of said authority shall serve without salary or compensation, provided, however, that their actual expenses incurred in performance of their duties may be reimbursed, including mileage as authorized by law for state employees.
Laws, 1974, ch. 504, § 2, eff. 4/2/1974.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 31 - COUNTY INDUSTRIAL DEVELOPMENT AUTHORITIES (§§ 57-31-1 — 57-31-35) › Section 57-31-7 - Receipt and expenditure of county funds

The industrial development authority of the county created under the provisions of this chapter is hereby authorized to receive and expend funds from the board of supervisors of such county.
Laws, 1974, ch. 504, § 4; Laws, 1991, ch. 409, § 2, eff. 7/1/1991.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 31 - COUNTY INDUSTRIAL DEVELOPMENT AUTHORITIES (§§ 57-31-1 — 57-31-35) › Section 57-31-11 - Negotiability of bonds and interest coupons; exemption from taxation of bonds

All revenue bonds and interest coupons issued under the provisions of this chapter shall have and are hereby declared to have all the qualities and incidents of negotiable instruments under the Uniform Commercial Code of the State of Mississippi. Such bonds and the income therefrom shall be exempt from all taxation within the State of Mississippi.
Laws, 1974, ch. 504, § 6, eff. 4/2/1974.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 31 - COUNTY INDUSTRIAL DEVELOPMENT AUTHORITIES (§§ 57-31-1 — 57-31-35) › Section 57-31-13 - Sale of bonds

The authority may sell such bonds in such manner and for such price as it may determine to be for the best interest of the State of Mississippi, but no such sale shall be made at a price less than par plus accrued interest to date of delivery of the bonds to the purchaser. Notice of the sale of any such bonds shall be published at least one time not less than ten (10) days prior to the date of sale and shall be so published in one (1) or more newspapers published in such county and in one (1) or more other newspapers or financial journals as may be directed by the authority.
Laws, 1974, ch. 504, § 7, eff. 4/2/1974.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 31 - COUNTY INDUSTRIAL DEVELOPMENT AUTHORITIES (§§ 57-31-1 — 57-31-35) › Section 57-31-15 - Disposition of proceeds of bonds

The proceeds of such bonds shall be paid into the county treasury to the credit of a special fund known as the industrial development authority construction fund, and shall be used solely for payment of the cost of the project except as hereinafter provided, and shall be disbursed upon order of the authority upon such restrictions, if any, as the resolution authorizing the issuance of the bonds may provide. If the proceeds of the bonds of any issue shall exceed the amount required for the purpose for which the bonds were issued, the surplus shall be paid into the fund established for the payment of the principal of and the interest on such bonds.
Laws, 1974, ch. 504, § 8, eff. 4/2/1974.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 31 - COUNTY INDUSTRIAL DEVELOPMENT AUTHORITIES (§§ 57-31-1 — 57-31-35) › Section 57-31-17 - Validation of bonds

Such revenue bonds may be issued without any other proceedings or the happening of any other conditions or things than those proceedings, conditions, and things which are specified or required by this chapter. The bonds authorized under the authority of this chapter may, in the discretion of the authority, be validated in the chancery court of such county in the manner and with the force and effect as provided by law for the validation of county, municipal, school district, and other bonds.
Laws, 1974, ch. 504, § 9, eff. 4/2/1974.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 31 - COUNTY INDUSTRIAL DEVELOPMENT AUTHORITIES (§§ 57-31-1 — 57-31-35) › Section 57-31-19 - Payment of bonds

Revenue bonds issued under the provisions of this chapter shall not be deemed to constitute a debt of such county or a pledge of the faith and credit of such county, but such bonds shall be payable solely from the special fund provided therefor as hereinafter set forth, and the issuance of such revenue bonds shall not directly, indirectly, or contingently obligate the county to levy or pledge any form of taxation whatever therefor, and all such bonds shall contain recitals on their face substantially covering the foregoing provisions of this section.
Laws, 1974, ch. 504, § 10, eff. 4/2/1974.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 31 - COUNTY INDUSTRIAL DEVELOPMENT AUTHORITIES (§§ 57-31-1 — 57-31-35) › Section 57-31-21 - Contents of bond issue resolution

The resolution providing for the issuance of revenue bonds hereunder shall contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may reasonably be proper and not in violation of law, including, but not limited to, covenants setting forth the duties of the authority in relation to the acquisition of property, the construction of a project, the maintenance, operation, repair, and insuring of the project, and the custody, safeguarding, and application of all moneys, and may also provide that any project shall be constructed and paid for under the supervision and approval of the consulting engineers or architects employed or designated by the authority, and may also contain provisions concerning the conditions, if any, upon which additional revenue bonds may be issued.
Laws, 1974, ch. 504, § 11, eff. 4/2/1974.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 31 - COUNTY INDUSTRIAL DEVELOPMENT AUTHORITIES (§§ 57-31-1 — 57-31-35) › Section 57-31-23 - Pledge and allocation of revenues, rents, and earnings

The revenues, rents, and earnings derived from any project, or any and all revenues, rents, and earnings received by the authority unless necessary for operation, maintenance or repair of the project or unless otherwise pledged and allocated, may be pledged and allocated by the authority to the payment of the principal of and interest on the revenue bonds of the authority as the resolution authorizing the issuance of the bonds may provide, and such pledge may include funds received from one or more or all sources and shall be set aside at regular intervals into a sinking fund, which sinking fund shall be pledged to and charged with the payment of:
(a)
The interest upon such revenue bonds as such interest shall accrue.
(b)
The principal of the bonds as the same shall become due.
(c)
The necessary charges of the paying agent or paying agents for paying principal and interest of and on such bonds.
The use and disposition of such sinking fund shall be subject to such regulations as may be provided in the resolution authorizing any issue of revenue bonds. Subject to the provisions of the resolution authorizing the issuance of the bonds, surplus moneys in the sinking fund may be applied to the purchase or redemption of any of such bonds, and any such bonds so purchased or redeemed shall forthwith be cancelled and shall not again be issued.
Laws, 1974, ch. 504, § 12, eff. 4/2/1974.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 31 - COUNTY INDUSTRIAL DEVELOPMENT AUTHORITIES (§§ 57-31-1 — 57-31-35) › Section 57-31-25 - Enforcement of bondholder's rights

Any holder of revenue bonds issued under the provisions of this chapter or of any of the interest coupons pertaining thereto, except to the extent that such rights are not restricted by the resolution directing the issuance of such bonds, may, either at law or in equity, by suit, action, mandamus, or other proceeding protect and enforce any and all rights granted hereunder or under such resolution, and may enforce and compel performance of all duties required by this chapter or by any such resolution or by any such lease agreement to be performed by the authority or any officer thereof, including the fixing, charging, and collecting of revenues, rents, and other charges for the use of the project, but no holder of any such bond shall have the right to compel any exercise of taxing power by such county to provide funds to pay any such bonds or the interest thereon, or to enforce the payment thereof against any property of such county, nor shall any such bond constitute a charge, lien, or encumbrance, legal or equitable, upon any property of the county.
Laws, 1974, ch. 504, § 13, eff. 4/2/1974.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 31 - COUNTY INDUSTRIAL DEVELOPMENT AUTHORITIES (§§ 57-31-1 — 57-31-35) › Section 57-31-27 - Bonds as legal investments and securities

All bonds issued under the provisions of this chapter shall be legal investments for trustees and other fiduciaries, and for savings banks, trust companies, and insurance companies organized under the laws of the State of Mississippi, and such bonds shall be legal securities which may be deposited with and shall be received by all public officers and bodies of this state and all municipalities and political subdivisions for the purpose of securing the deposit of public funds.
Laws, 1974, ch. 504, § 14, eff. 4/2/1974.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 31 - COUNTY INDUSTRIAL DEVELOPMENT AUTHORITIES (§§ 57-31-1 — 57-31-35) › Section 57-31-29 - Exemption from taxation of property of authority

The carrying out of the corporate purposes of the authority is in all respects for the benefit of the people of such county and is a public purpose, and the authority will be performing an essential governmental function in the exercise of the powers conferred upon it by this chapter. Hence, any property owned or held by the authority or under its jurisdiction under the provisions of this chapter shall be exempt from all taxation in the State of Mississippi.
Laws, 1974, ch. 504, § 15, eff. 4/2/1974.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 31 - COUNTY INDUSTRIAL DEVELOPMENT AUTHORITIES (§§ 57-31-1 — 57-31-35) › Section 57-31-31 - Acceptance of grants and contributions

The authority, in addition to the moneys which may be received by it from the sale of revenue bonds and from the collection of revenues, rents, and earnings derived under the provisions of this chapter, shall have the authority to accept from any public or private agency, or from any individual, grants for or in aid of the construction of any project, or for the payment of bonds, and to receive and accept contributions from any source, of money or property or other things of value to be held, used and applied only for the purposes for which such grants or contributions may be made.
Laws, 1974, ch. 504, § 16, eff. 4/2/1974.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 31 - COUNTY INDUSTRIAL DEVELOPMENT AUTHORITIES (§§ 57-31-1 — 57-31-35) › Section 57-31-33 - Construction of chapter

This chapter shall be deemed to be full and complete authority for the exercise of the powers herein granted, but this chapter shall not be deemed to repeal or to be in derogation of any existing law of this state whereunder projects of the character herein defined may be constructed or financed.
Laws, 1974, ch. 504, § 17, eff. 4/2/1974.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 32 - SOUTHEAST MISSISSIPPI INDUSTRIAL COUNCIL (§§ 57-32-1 — 57-32-19) › Section 57-32-1 - Establishment; composition; qualifications, appointment and terms of office of members

Any county having two (2) judicial districts and a population of fifty-six thousand, three hundred fifty-seven (56,357) according to the 1970 federal decennial census, together with any counties contiguous thereto, where the boards of supervisors of said counties, or any number of them, shall find and determine that the public convenience and necessity requires the same, as evidenced by a resolution duly adopted and entered on the official minutes of said boards of supervisors, may establish a planning, economic and industrial development council to be known as the "Southeast Mississippi Industrial Council," hereinafter called the "council." Said council shall be composed of three (3) resident citizens of each county participating in said council, who shall be qualified electors therein, appointed by the board of supervisors of each such county for terms of four (4) years, except as herein provided. Upon creation of said council, one (1) member shall be appointed from each county for a term of one (1) year; one (1) member shall be appointed from each county for a term of two (2) years; one (1) member shall be appointed from each county for a term of three (3) years. Any county becoming a participating member of the council after its creation shall appoint members in the same manner as set forth above. Each succeeding appointment to such council shall be for a term of four (4) years or until a successor is appointed and qualified.
Laws, 1976, ch. 32, § 1, eff. 5/6/1976.