reglab/statecodes huggingface dataset:
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 77 - VENTURE CAPITAL ACT OF 1994 (§§ 57-77-1 — 57-77-39) › Section 57-77-31 - Redemption, repayment, purchase or cancellation of bonds and notes; appropriations for payment of principal and interest on bonds and notes; rate of interest on loans made using funds from Venture Capital Fund

(1)
All bonds issued under the authority of this chapter shall be redeemed at maturity, together with all interest due, from time to time, on the bonds, and these principal and interest payments shall be paid from the general fund.
(2)
In the event that all or any part of the bonds and notes are purchased, they shall be canceled and returned to the loan and transfer agent as canceled and paid bonds and notes; and, thereafter, all payments of interest thereon shall cease and the canceled bonds, notes and coupons shall be destroyed as promptly as possible after cancellation but not later than two (2) years after cancellation. A certificate evidencing the destruction of the canceled bonds, notes and coupons shall be provided by the loan and transfer agent to the seller.
(3)
The State Treasurer shall determine and report to the Department of Finance and Administration and Joint Legislative Budget Office by September 1 of each year the amount of money necessary for the payment of the principal of and interest on outstanding obligations for the following fiscal year and the times and amounts of the payments. It shall be the duty of the Governor to include in every executive budget submitted to the Legislature full information relating to the issuance of bonds and notes under the provisions of this chapter and the status of the general fund for the payment of the principal of and interest on the bonds and notes.
(4)
Except as otherwise provided by law, the rate of interest on any loans made using funds from the Venture Capital Fund shall be in accordance with Section
57-77-17
. Notwithstanding the provisions of any other law to the contrary, the interest rate charged shall not be set such that the aggregate of the interest, penalties and other payments in connection with such assistance made using funds from the Venture Capital Fund will cause the bonds issued pursuant to this chapter to be deemed arbitrage bonds pursuant to Section 148 of the Internal Revenue Code of 1986 and the regulations promulgated thereunder. In the case of assistance initially funded from the proceeds of notes and subsequently funded from renewal bonds and notes, the interest rate to be charged on the assistance shall be established in accordance with Section
57-77-17
upon the sale of bonds or notes, as the case may be, for such assistance.
Laws, 1994, ch. 650, § 17, eff. 4/8/1994.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 77 - VENTURE CAPITAL ACT OF 1994 (§§ 57-77-1 — 57-77-39) › Section 57-77-33 - Issuance of bonds and notes generally; terms, form, execution, etc., of bonds and notes

(1)
The seller is authorized to borrow, on the credit of the state, money not exceeding the aggregate sum of Twenty Million Dollars ($20,000,000.00). Such borrowing may be evidenced by the issuance of bonds or notes, and the rate of interest on any such bonds or notes which are not subject to taxation shall not exceed the rates set forth in Section
75-17-101
, Mississippi Code of 1972, for general obligation bonds.
(2)
As evidence of indebtedness authorized in this chapter, general or limited obligation bonds or notes of the state shall be issued from time to time to provide monies necessary to carry out the purposes of this chapter for such total amount, in such form, in such denominations, payable in such currencies (either domestic or foreign or both), and subject to such terms and conditions of issue, redemption and maturity, rate of interest and time of payment of interest as the seller directs, except that such bonds shall mature or otherwise be retired in annual installments beginning not more than five (5) years from date thereof and extending not more than twenty (20) years from the date thereof.
(3)
All bonds and notes issued under authority of this chapter shall be signed by the chairman of the seller, or by his facsimile signature, and the official seal of the seller shall be affixed thereto, attested by the secretary of the seller.
(4)
All bonds and notes issued under authority of this chapter may be general or limited obligations of the state, and the full faith and credit of the State of Mississippi as to general obligation bonds, or the revenue derived from projects assisted as to limited obligation bonds, are hereby pledged for the payment of the principal of and interest on such bonds and notes.
(5)
Such bonds and notes and the income therefrom shall be exempt from all taxation in the State of Mississippi.
(6)
Bonds may be issued as coupon bonds or registered as to both principal and interest as the seller may determine. If interest coupons are attached, they shall contain the facsimile signature of the chairman and the secretary of the seller.
(7)
As to bonds issued hereunder and designated as taxable bonds by the seller, any immunity of the state to taxation by the United States government of interest on bonds or notes issued by the state is hereby waived.
Laws, 1994, ch. 650, § 18, eff. 4/8/1994.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 77 - VENTURE CAPITAL ACT OF 1994 (§§ 57-77-1 — 57-77-39) › Section 57-77-35 - Sale of bonds; temporary bonds; investment of bond proceeds; registration of bond sales; payment of costs and expenses

(1)
Whenever bonds are issued, they shall be offered for sale at not less than par value and accrued interest and shall be sold by the seller at public or private sale, from time to time, in such manner and at such price as may be determined by the seller to be most advantageous.
(2)
Any portion of any bond issue so offered and not sold or subscribed for at public sale may be disposed of by private sale by the seller in such manner and at such prices not less than par and accrued interest, as the seller shall direct.
(3)
When bonds are issued from time to time, the bonds of each issue shall constitute a separate series to be designated by the seller or may be combined for sale as one (1) series with other general obligation bonds of the State of Mississippi.
(4)
Until permanent bonds can be prepared, the seller may, in its discretion, issue in lieu of permanent bonds, temporary bonds in such form and with such privileges as to registration and exchange for permanent bonds as may be determined by the seller.
(5)
Pending their application to the purposes authorized, bond proceeds held or deposited by the State Treasurer may be invested or reinvested as are other funds in the custody of the State Treasurer in the manner provided by law. All earnings received from the investment or deposit of such funds shall be paid into the State Treasury to the credit of the Venture Capital Fund.
(6)
The State Treasurer shall prepare the necessary registry book to be kept in the office of the duly authorized loan and transfer agent of the state for the registration of any bonds, at the request of the owners thereof, according to the terms and conditions of issue directed by the seller.
(7)
All costs and expenses in connection with the issue of and sale and registration of the bonds and notes in connection with this chapter, and all costs and expenses, validly incurred pursuant to this chapter, in connection with implementation of the program and development of application forms, procedures and requirements for use in connection with the program, may be paid from the proceeds of bonds and notes issued under this chapter.
(8)
The seller may provide, in the resolution authorizing the issuance of such bonds, for the employment of one or more persons or firms to assist in the sale of the bonds; to enter into contracts with financial institutions located either within or without the State of Mississippi to act as registrar, paying agents, transfer agents, or otherwise; for rating of the bonds; and to purchase insurance.
Laws, 1994, ch. 650, § 19; Laws, 1998, ch. 563, § 11, eff. 4/17/1998.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 77 - VENTURE CAPITAL ACT OF 1994 (§§ 57-77-1 — 57-77-39) › Section 57-77-37 - Disposition of proceeds of sale of bonds; allocation of nonfederal funds

(1)
The proceeds realized from the sale of bonds and notes under this chapter shall be paid to the State Treasurer and deposited into the Venture Capital Fund and specifically dedicated to the purposes enumerated in this chapter.
(2)
All nonfederal funds which may become available for the purposes of this chapter shall be deposited in the Venture Capital Fund and shall be allocated for the purposes of this chapter.
Laws, 1994, ch. 650, § 20, eff. 4/8/1994.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 77 - VENTURE CAPITAL ACT OF 1994 (§§ 57-77-1 — 57-77-39) › Section 57-77-39 - Representation of seller by Attorney General with respect to issuing, selling and validating bonds or notes; payment of expenses relating to issuance of bonds or notes

Except as otherwise authorized in Section
7-5-39
, the Attorney General of the State of Mississippi shall represent the seller in issuing, selling and validating bonds or notes herein provided for, and the seller is hereby authorized and empowered to expend from the proceeds derived from the sale of the bonds or notes authorized hereunder all necessary administrative, legal and other expenses incidental and related to the issuance of bonds or notes authorized under this chapter.
Laws, 1994, ch. 650, § 21; Laws, 2012, ch. 546, § 26, eff. 7/1/2012.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 78 - MISSISSIPPI MAIN STREET REVITALIZATION GRANT PROGRAM ACT (§§ 57-78-1 — 57-78-5) › Section 57-78-1 - Short title

This chapter shall be known and may be cited as the "Mississippi Main Street Revitalization Grant Program Act."
Brought forward by Laws, 2024, ch. 475, SB 2696,§ 1, eff. 7/1/2024.
Added by Laws, 2023, ch. 490, SB 2359,§ 1, eff. 7/1/2023.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 78 - MISSISSIPPI MAIN STREET REVITALIZATION GRANT PROGRAM ACT (§§ 57-78-1 — 57-78-5) › Section 57-78-3 - Authorization to make grants available to certain Main Street Designated Community program for projects; purpose

The Mississippi Main Street Revitalization Grant Program Act will authorize the Legislature, as well as the Mississippi Development Authority through appropriations by the Legislature, to make grants available to eligible recipients for projects leading to the revitalization of Mississippi's downtowns or communities.
Amended by Laws, 2024, ch. 475, SB 2696,§ 2, eff. 7/1/2024.
Added by Laws, 2023, ch. 490, SB 2359,§ 2, eff. 7/1/2023.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 79 - MISSISSIPPI SMALL TOWN DEVELOPMENT ACT (§§ 57-79-1 — 57-79-11) › Section 57-79-1 - Short title

This chapter shall be known and may be cited as the "Mississippi Small Town Development Act."
Laws, 1995, ch. 456, § 1, eff. 3/22/1995.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 79 - MISSISSIPPI SMALL TOWN DEVELOPMENT ACT (§§ 57-79-1 — 57-79-11) › Section 57-79-3 - Legislative findings and declaration of intent

The Legislature finds that:
(a)
Many small towns and cities will benefit from professional and financial assistance;
(b)
The improvement of small towns and cities benefit the economic and general welfare of the people of the State of Mississippi;
(c)
Establishment of the Mississippi Small Town Development Program is an effective means to restore and strengthen Mississippi's small towns; and
(d)
It is the intent of the Legislature to establish the Mississippi Small Town Development Program.
Laws, 1995, ch. 456, § 2, eff. 3/22/1995.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 79 - MISSISSIPPI SMALL TOWN DEVELOPMENT ACT (§§ 57-79-1 — 57-79-11) › Section 57-79-5 - Definitions

For the purposes of this chapter, the following terms shall have the meanings ascribed herein unless the context shall otherwise require:
(a)
"Small town" shall mean any city, town or village with a population of five thousand (5,000) or fewer persons according to the most recent federal decennial census.
(b)
"Mississippi Small Town Development Fund" shall mean that fund administered by the Mississippi Department of Economic and Community Development to assist small towns for purposes authorized under this chapter.
(c)
"Grant application development expenses" shall mean any preliminary study, survey, investigation, or report including engineering analysis or cost estimates, or other professional services required to submit a grant or loan application to any state or federal agency or department.
(d)
"Grant application matching requirement" means any state or federal grant or loan requirement for the contribution of cash or other in-kind services as a part of any such grant or loan application.
(e)
"Mississippi Small Town Technical Assistance Network" shall be that program administered by the Mississippi Department of Economic and Community Development organized to provide both direct, individual technical assistance to small towns, and to maximize the efforts of other state and federal departments and agencies, as well as private not-for-profit organizations.
Laws, 1995, ch. 456, § 3, eff. 3/22/1995.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 79 - MISSISSIPPI SMALL TOWN DEVELOPMENT ACT (§§ 57-79-1 — 57-79-11) › Section 57-79-7 - Authorization of Mississippi Small Town Development Program

There is hereby authorized the creation of the Mississippi Small Town Development Program.
Laws, 1995, ch. 456, § 4, eff. 3/22/1995.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 79 - MISSISSIPPI SMALL TOWN DEVELOPMENT ACT (§§ 57-79-1 — 57-79-11) › Section 57-79-9 - Composition of Mississippi Small Town Development Program

The Mississippi Small Town Development Program shall consist of the following:
(a)
The Mississippi Small Town Development Fund, administered by the Mississippi Department of Economic and Community Development. Such fund shall be used to further the purposes of this chapter, specifically to provide grant application development expenses, grant application matching requirements and for related purposes.
(b)
Mississippi Small Town Technical Assistance Network, administered by the Mississippi Department of Economic and Community Development, which shall consist of the following elements:
(i)
Provide direct technical assistance to individual small towns to improve their effectiveness and efficiency.
(ii)
Shall be organized geographically using Mississippi Planning and Development District lines.
(iii)
Shall not duplicate the efforts of the myriad public agencies, departments, and private not-for-profit corporations, but will seek to maximize the effectiveness of existing efforts to improve small town government in Mississippi.
(iv)
Shall be authorized to enter into mutually beneficial agreements with these and other local, state and federal agencies and departments, as well as private not-for-profit organizations, to receive donations, grants, real or personal property, and to further the purposes of this chapter.
(v)
May use interns from Mississippi's public universities through the existing Mississippi Public Service Internship Program.
(c)
Other programs of the Mississippi Department of Economic and Community Development, as well as other state agencies, that currently target the small towns of the state shall work with the Mississippi Small Town Technical Assistance Network to improve their publicity and effectiveness.
Laws, 1995, ch. 456, § 5, eff. 3/22/1995.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 79 - MISSISSIPPI SMALL TOWN DEVELOPMENT ACT (§§ 57-79-1 — 57-79-11) › Section 57-79-11 - Authority of Mississippi Department of Economic and Community Development

The Mississippi Department of Economic and Community Development is authorized to contract with other public agencies, as well as private not-for-profit corporations, to further the purposes of this chapter.
Laws, 1995, ch. 456, § 6, eff. 3/22/1995.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 80 - GROWTH AND PROSPERITY ACT (§§ 57-80-1 — 57-80-11) › Section 57-80-1 - Short title

This chapter shall be known and may be cited as the "Growth and Prosperity Act."
Laws, 2000, 2nd Ex Sess, ch. 1, § 34, eff. 1/1/2001.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 80 - GROWTH AND PROSPERITY ACT (§§ 57-80-1 — 57-80-11) › Section 57-80-3 - Legislative findings

The Legislature finds and determines that there exists in this state a continuing need for programs to assist certain counties in encouraging economic development, the consequent job creation and retention, additional private investment and increased local and state revenue which together ensures the further development of a balanced economy. To achieve these purposes, it is necessary to assist and encourage the creation of growth and prosperity by providing temporary relief from certain taxes within certain counties and within specific supervisors districts in certain other counties to certain business enterprises.
Further, the Legislature finds and determines that the authority granted under this chapter and the purposes to be accomplished hereby are proper governmental and public purposes and that the resulting economic benefits to the state are of paramount importance, mandating that the provisions of this chapter be liberally construed and applied in order to advance the public purposes.
Laws, 2000, 2nd Ex Sess, ch. 1, § 35, eff. 1/1/2001.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 80 - GROWTH AND PROSPERITY ACT (§§ 57-80-1 — 57-80-11) › Section 57-80-7 - [Repealed Effective 7/1/2027] Counties eligible for certificate of public convenience and necessity; application requirements; municipal consent to participation in Growth and Prosperity Program

(1)
From and after December 31, 2000, the following counties may apply to the MDA for the issuance of a certificate of public convenience and necessity:
(a)
Any county of this state which has an annualized unemployment rate that is at least two hundred percent (200%) of the state's unemployment rate as of December 31 of any year after December 31, 2000, as determined by the Mississippi Department of Employment Security's most recently published data;
(b)
Any county of this state in which thirty percent (30%) or more of the population of the county is at or below the federal poverty level according to the official data compiled by the United States Census Bureau as of August 30, 2000, for counties that apply before December 31, 2002, or the most recent official data compiled by the United States Census Bureau for counties that apply from and after December 31, 2002; or
(c)
Any county of this state having an eligible supervisors district.
(2)
The application, at a minimum, must contain (a) the Mississippi Department of Employment Security's most recently published figures that reflect the annualized unemployment rate of the applying county as of December 31 or the most recent official data by the United States Census Bureau required by subsection (1) of this section, as the case may be, and (b) an order or resolution of the county consenting to the designation of the county as a growth and prosperity county.
(3)
Any municipality of a designated growth and prosperity county or within an eligible supervisors district and not more than eight (8) miles from the boundary of the county that meets the criteria of subsection (1)(b) of this section may by order or resolution of the municipality consent to participation in the Growth and Prosperity Program.
(4)
No incentive or tax exemption shall be given under this chapter without the consent of the affected county or municipality.
Laws, 2000, 2nd Ex Sess, ch. 1, § 37; Laws, 2001, ch. 582, § 2; Laws, 2004, ch. 572, § 55; Laws, 2006, ch. 499, § 2; reenacted without change, Laws, 2008, 1st Ex Sess, ch. 30, § 55; Laws, 2009, ch. 399, § 1; reenacted without change, Laws, 2010, ch. 559, § 55; reenacted without change, Laws, 2011, ch. 471, § 56; reenacted without change, Laws, 2012, ch. 515, § 55, eff. 7/1/2012.
Reenacted without change by Laws, 2023, ch. 510, SB 2810,§ 57, eff. 4/17/2023.
Amended by Laws, 2019, ch. 451, SB 2133,§ 58, eff. 4/3/2019.
Reenacted without change by Laws, 2019, ch. 451, SB 2133,§ 55, eff. 4/3/2019.
Amended by Laws, 2015, ch. 359, SB 2273, 1, eff. 3/18/2015.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 80 - GROWTH AND PROSPERITY ACT (§§ 57-80-1 — 57-80-11) › Section 57-80-11 - Promulgation of rules and regulations

The MDA shall promulgate rules and regulations, in accordance with the Mississippi Administrative Procedures Law, for the implementation and administration of this chapter.
Laws, 2000, 2nd Ex Sess, ch. 1, § 39, eff. 1/1/2001.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 81 - MISSISSIPPI SCIENCE AND TECHNOLOGY COMMISSION [Repealed] (§ 57-81-1) › Section 57-81-1 - and 57-81-3 - [Repealed]

Repealed by Laws, 1995, ch. 594, § 3, eff. 6/30/1998.
Laws, 1995, ch. 594, §§ 1, 2.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 83 - MISSISSIPPI TECHNOLOGY, INC. LIAISON COMMITTEE (§ 57-83-1) › Section 57-83-1 - Establishment; duties

The President of the Senate and the Speaker of the House of Representatives shall each appoint three (3) members of their respective legislative houses to serve as members of the Mississippi Technology, Inc., Liaison Committee. The members of such committee shall be entitled (a) to attend meetings of the Mississippi Technology, Inc., Board of Directors, (b) to receive all budgets, reports, audits and all financial and other information distributed to the directors of Mississippi Technology, Inc., (c) to meet and confer with the directors and staff of Mississippi Technology, Inc., and (d) to perform such other activities as may be necessary or proper in discharging their responsibilities of liaison with their respective houses of the Legislature. The members of the liaison committee shall have no jurisdiction or vote on any matter within the jurisdiction of Mississippi Technology, Inc. The members of the committee shall prepare and submit an annual report to the Legislature no later than December 15 of each calendar year setting forth the activities and financial condition of Mississippi Technology, Inc., and their perspective and comments on the activities of Mississippi Technology, Inc. The report shall also contain recommendations regarding policy or legislative changes for consideration by the Legislature. The members of the Mississippi Technology, Inc., Liaison Committee shall be bound by the same limitations as to confidentiality of information regarding products, processes or the internal affairs of private businesses, as are imposed upon the officers and directors of Mississippi Technology, Inc. When the Legislature is not in session, members shall be paid per diem and all actual and necessary expenses, including mileage expenses, from their respective contingent expense funds at the rate authorized for committee meetings when the Legislature is not in session; however, no per diem and expenses will be paid when the Legislature is in session. The terms of the members of the liaison committee shall expire at the end of their terms of office.
Laws, 1999, ch. 339, § 1, eff. 7/1/1999.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 85 - MISSISSIPPI RURAL IMPACT ACT (§§ 57-85-1 — 57-85-5) › Section 57-85-1 - Short title

This chapter shall be known and may be cited as the "Mississippi Rural Impact Act."
Laws, 2003, ch. 506, § 1, eff. 4/15/2003.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 85 - MISSISSIPPI RURAL IMPACT ACT (§§ 57-85-1 — 57-85-5) › Section 57-85-3 - Legislative findings

The Legislature finds and determines that:
(a)
There exists in the State of Mississippi a continuing need for gainful employment for the citizens of the rural areas of the state.
(b)
To help provide employment opportunities and to impact the quality of life in these rural areas, a division within the Mississippi Development Authority should be created with power to promote business and economic development through job producing programs and by providing financial assistance to communities and businesses.
(c)
In accomplishing this purpose, such division will be acting in all respects for the benefit of the people of the state in the performance of essential public functions and serving a valid purpose in improving or otherwise promoting their health, welfare and prosperity, and the enactment of the provisions hereinafter set forth is for a valid public purpose.
(d)
The borrowing of money and the issuance of bonds for the purposes hereinafter set forth serves valid public purposes that will contribute to the employment base of the state.
Laws, 2003, ch. 506, § 2, eff. 4/15/2003.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 87 - MISSISSIPPI BROADBAND TECHNOLOGY DEVELOPMENT ACT (§§ 57-87-1 — 57-87-7) › Section 57-87-1 - Short title

This chapter may be cited as the "Mississippi Broadband Technology Development Act."
Laws, 2003, ch. 520, § 1, eff. 7/1/2003.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 87 - MISSISSIPPI BROADBAND TECHNOLOGY DEVELOPMENT ACT (§§ 57-87-1 — 57-87-7) › Section 57-87-3 - Legislative findings

(1)
The Legislature finds that the long-standing telecommunications policy of this state has been to ensure that all citizens have access to telephone service. The increasing reliance upon access to computer information services for jobs, housing and other necessities requires that this concept be broadened to include high-speed access to the Internet as well.
(2)
The Legislature further finds that the ability of the citizens in all parts of this state to access the Internet, also known as the information superhighway, is an important component in the ability of the state to remain competitive in the fields of business and education, as well as the ability of government to provide services to these people both now and in the future. The ability of the citizens of Mississippi to access the full potential of the Internet is predicated on having the most advanced telecommunications infrastructure - the backbone to the information superhighway.
(3)
The Legislature further finds and declares that it is the policy of the state to provide incentives for "telecommunications enterprises" (as defined in Section
57-73-21(14)
) to invest in the infrastructure needed to provide broadband technology throughout the state to keep this state competitive and to promote economic development within the state.
(4)
The Legislature further finds that despite the significant growth of computer ownership and usage, the growth has occurred to a greater extent within developed areas within this state, thereby leading to what has been termed a "digital divide" between Tier One areas within the state and areas within this state that are Tier Two and Tier Three areas (as such areas are designated in accordance with Section
57-73-21(1)
).
(5)
The Legislature further finds that it is in the public interest for people living in Tier Two areas and people living in Tier Three areas of the state to have high-speed access to the Internet and to adequate technology, infrastructure and advanced telecommunications service.
(6)
The Legislature further finds and declares that additional incentives are warranted to encourage telecommunications enterprises to invest in the infrastructure needed to provide broadband technology in Tier Two and Tier Three areas of the state.
Laws, 2003, ch. 520, § 2, eff. 7/1/2003.
Amended by Laws, 2014, ch. 445, HB 785, 2, eff. 7/1/2014.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 87 - MISSISSIPPI BROADBAND TECHNOLOGY DEVELOPMENT ACT (§§ 57-87-1 — 57-87-7) › Section 57-87-7 - Ad valorem taxation for equipment placed in service after June 30, 2003, and before July 1, 2025, for use in deployment of broadband technologies

Equipment used in the deployment of broadband technologies by a telecommunications enterprise (as defined in Section
57-73-21(14)
), that is placed in service after June 30, 2003, and before July 1, 2025, shall be exempt from ad valorem taxation for a period of ten (10) years after the date such equipment is placed in service. For purposes of this section, "equipment used in the deployment of broadband technologies" means any equipment capable of being used for or in connection with the transmission of information at a rate, prior to taking into account the effects of any signal degradation, that is not less than three hundred eighty-four (384) kilobits per second in at least one direction, including, but not limited to, asynchronous transfer mode switches, digital subscriber line access multiplexers, routers, servers, multiplexers, fiber optics and related equipment.
Laws, 2003, ch. 520, § 4, eff. 7/1/2003.
Amended by Laws, 2020, ch. 453, HB 1729,§ 7, eff. 7/1/2020.
Amended by Laws, 2014, ch. 445, HB 785, 4, eff. 7/1/2014.
Amended by Laws, 2013, ch. 462, SB 2829, 2, eff. 7/1/2013.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 89 - MISSISSIPPI MOTION PICTURE INCENTIVES AND TELEVISION SERIES INCENTIVES (§§ 57-89-1 — 57-89-51) › Article 1 - MISSISSIPPI MOTION PICTURE INCENTIVE ACT (§§ 57-89-1 — 57-89-7) › Section 57-89-1 - Short title

The provisions of this article shall be known and may be cited as the "Mississippi Motion Picture Incentive Act."
Laws, 2004, ch. 528, § 1, eff. 7/1/2004.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 89 - MISSISSIPPI MOTION PICTURE INCENTIVES AND TELEVISION SERIES INCENTIVES (§§ 57-89-1 — 57-89-51) › Article 1 - MISSISSIPPI MOTION PICTURE INCENTIVE ACT (§§ 57-89-1 — 57-89-7) › Section 57-89-5 - [Repealed]

Repealed by Laws of 2007, ch. 324, § 3 eff. 3/13/2007.
Laws, 2004, ch. 528, § 3, eff. 7/1/2004.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 91 - ECONOMIC REDEVELOPMENT ACT (§§ 57-91-1 — 57-91-11) › Section 57-91-1 - Short title

This chapter shall be known and may be cited as the "Economic Redevelopment Act."
Laws, 2005, ch. 468, § 1, eff. 1/1/2005.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 91 - ECONOMIC REDEVELOPMENT ACT (§§ 57-91-1 — 57-91-11) › Section 57-91-3 - Legislative findings; provisions of chapter to be liberally construed

The Legislature finds and determines that there exists in this state a continuing need for programs to assist certain counties and municipalities in encouraging economic development, the consequent job creation and retention, additional private investment and increased local and state revenue which together ensures the further development of a balanced economy. The Legislature further finds that this need is particularly great in counties and municipalities where there are located certain environmentally contaminated sites that are not currently conducive to such economic development. To achieve the combined purposes of encouraging economic development on and around environmentally contaminated sites, it is necessary to assist and encourage such economic development by providing temporary tax incentives within certain counties and municipalities to certain business enterprises.
Further, the Legislature finds and determines that the authority granted under this chapter and the purposes to be accomplished hereby are proper governmental and public purposes and that the resulting economic benefits to the state are of paramount importance, mandating that the provisions of this chapter be liberally construed and applied in order to advance the public purposes.
Laws, 2005, ch. 468, § 2, eff. 1/1/2005.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 91 - ECONOMIC REDEVELOPMENT ACT (§§ 57-91-1 — 57-91-11) › Section 57-91-7 - Designation as redevelopment counties and municipalities

(1)
From and after January 1, 2005, any counties or municipalities meeting the following conditions may apply to the MDA for the issuance of a certificate of public convenience and necessity:
(a)
There is located within such county or municipality a contaminated site;
(b)
There has been established by resolution of the county or municipality a redevelopment project area;
(c)
There is submitted to the MDA application for designation as a redevelopment county or municipality which, at minimum, contains (i) MDEQ concurrence of the existence of a contaminated site and concurrence and involvement in the assessment and remediation plan, (ii) a resolution of the county or municipality setting forth the boundaries of the redevelopment project area and consenting to the designation of the county or municipality as a redevelopment county or municipality, and (iii) a developer agreement.
(2)
If a proposed redevelopment project area falls wholly within the municipality, only the municipality must apply to the MDA for designation as a redevelopment municipality. If a proposed redevelopment project area falls wholly within the county and outside the boundaries of a municipality, only the county may apply to the MDA for designation as a redevelopment county. If a proposed redevelopment project area falls partly within and partly without a municipality, then both the county and municipality must apply for designation as a redevelopment county and municipality; however, the county and municipality may submit a single application to the MDA, but the governing bodies of both the county and the municipality must pass resolutions meeting the requirements of paragraph (c)(ii) of subsection (1) of this section.
Laws, 2005, ch. 468, § 4, eff. 1/1/2005.
Amended by Laws, 2013, ch. 486, SB 2147, 2, eff. 7/1/2013.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 91 - ECONOMIC REDEVELOPMENT ACT (§§ 57-91-1 — 57-91-11) › Section 57-91-11 - Rules and regulations

The MDA shall promulgate rules and regulations, in accordance with the Mississippi Administrative Procedures Law, for the implementation and administration of this chapter.
Laws, 2005, ch. 468, § 6, eff. 1/1/2005.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 97 - MISSISSIPPI DELTA REVITALIZATION ACT OF 2006 (§ 57-97-1) › Section 57-97-1 - through 57-97-23 - [Repealed]

Repealed by Laws, 2006, ch. 444, § 13, eff. 7/1/2009.
§ 57-97-1. [ Laws, 2006, ch. 444, § 1, eff. 3/23/2006.] § 57-97-3. [ Laws, 2006, ch. 444, § 2, eff. 3/23/2006.] § 57-97-5. [ Laws, 2006, ch. 444, § 3, eff. 3/23/2006.] § 57-97-7. [ Laws, 2006, ch. 444, § 4, eff. 3/23/2006.] § 57-97-9. [ Laws, 2006, ch. 444, § 5, eff. 3/23/2006.] § 57-97-11. [ Laws, 2006, ch. 444, § 6, eff. 3/23/2006.] § 57-97-13. [ Laws, 2006, ch. 444, § 7, eff. 3/23/2006.] § 57-97-15. [ Laws, 2006, ch. 444, § 8, eff. 3/23/2006.] § 57-97-17. [ Laws, 2006, ch. 444, § 9, eff. 3/23/2006.] § 57-97-19. [ Laws, 2006, ch. 444, § 10, eff. 3/23/2006.] § 57-97-21. [ Laws, 2006, ch. 444, § 11, eff. 3/23/2006.] § 57-97-23. [ Laws, 2006, ch. 444, § 12, eff. 3/23/2006.]
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 99 - MISSISSIPPI MAJOR ECONOMIC IMPACT WITHHOLDING REBATE INCENTIVE PROGRAM (§§ 57-99-1 — 57-99-29) › QUALIFIED BUSINESS OR INDUSTRY - COMPANIES AND THEIR AFFILIATES (§§ 57-99-1 — 57-99-9) › Section 57-99-5 - Creation of MMEIA Withholding Rebate Fund, purpose

(1)
There is created in the State Treasury a special fund to be known as the "MMEIA Withholding Rebate Fund," into which shall be deposited withholding tax revenue required to be deposited into such fund pursuant to Section
27-7-312
and any other monies designated for deposit therein. The money in the fund shall be used for the purpose of making the incentive payments and grants authorized under Sections
57-99-1
through
57-99-9
.
(2)
The liability of the State of Mississippi to make the incentive payments and grants authorized under Sections
57-99-1
through
57-99-9
shall be limited to the balance contained in the fund.
Laws, 2007, ch. 303, § 19, eff. 3/2/2007.
Amended by Laws, 2022, ch. 462, SB 2159,§ 24, eff. 7/1/2022.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 99 - MISSISSIPPI MAJOR ECONOMIC IMPACT WITHHOLDING REBATE INCENTIVE PROGRAM (§§ 57-99-1 — 57-99-29) › QUALIFIED BUSINESS OR INDUSTRY - COMPANIES AND THEIR AFFILIATES (§§ 57-99-1 — 57-99-9) › Section 57-99-7 - Filing of claim for incentive payments; payments dependent on verification of number of qualified jobs created and maintained

(1)
As soon as practicable after the end of a calendar quarter for which a qualified business or industry has qualified to receive an incentive payment, the qualified business or industry shall file a claim for the payment with the State Tax Commission and shall specify the actual number of qualified jobs created and maintained by the business or industry for the calendar quarter and the wages and taxable benefits thereof. The State Tax Commission shall verify the actual number of qualified jobs created and maintained by the business or industry. If the State Tax Commission is not able to provide such verification utilizing all available resources, the State Tax Commission may request such additional information from the business or industry as may be necessary.
(2)
The business or industry must meet the job requirements of Sections
57-99-1
through
57-99-9
for four (4) consecutive calendar quarters prior to payment of the first incentive payment. If the business or industry does not maintain the job requirements of Sections
57-99-1
through
57-99-9
at any other time during the twenty-five-year period after the date the first payment was made, the incentive payments shall not be made and shall not be resumed until such time as the actual verified number of qualified jobs created and maintained by the business or industry equals or exceeds the requirements of Sections
57-99-1
through
57-99-9
for one (1) calendar quarter.
(3)
An establishment that has qualified pursuant to Sections
57-99-1
through
57-99-9
may receive payments only in accordance with the provision under which it initially applied and was approved. If an establishment that is receiving incentive payments expands, it may apply for additional incentive payments based on the wages and taxable benefits for qualified jobs anticipated from the expansion only, pursuant to Sections
57-99-1
through
57-99-9
.
(4)
As soon as practicable after verification of the qualified business or industry meeting the requirements of Sections
57-99-1
through
57-99-9
and all rules and regulations, the Department of Finance and Administration, upon requisition of the State Tax Commission, shall issue a warrant drawn on the MMEIA Withholding Rebate Fund to the establishment in the amount of the rebate as determined pursuant to subsection (1) of this section for the calendar quarter.
Laws, 2007, ch. 303, § 20, eff. 3/2/2007.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 99 - MISSISSIPPI MAJOR ECONOMIC IMPACT WITHHOLDING REBATE INCENTIVE PROGRAM (§§ 57-99-1 — 57-99-29) › QUALIFIED BUSINESS OR INDUSTRY - COMPANIES AND THEIR AFFILIATES (§§ 57-99-1 — 57-99-9) › Section 57-99-9 - Promulgation of rules and regulations by the Mississippi Development Authority and State Tax Commission

The MDA and the State Tax Commission shall promulgate rules and regulations, in accordance with the Mississippi Administrative Procedures Law, and all application forms and other forms necessary to implement their respective duties and responsibilities under the provisions of Sections
57-99-1
through
57-99-9
.
Laws, 2007, ch. 303, § 21, eff. 3/2/2007.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 99 - MISSISSIPPI MAJOR ECONOMIC IMPACT WITHHOLDING REBATE INCENTIVE PROGRAM (§§ 57-99-1 — 57-99-29) › QUALIFIED BUSINESS OR INDUSTRY - ENTERPRISES (§§ 57-99-21 — 57-99-29) › Section 57-99-21 - Definitions

As used in Sections
57-99-21
through
57-99-29
, the following words and phrases shall have the meanings ascribed in this section unless the context clearly indicates otherwise:
(a)
"Qualified business or industry" means any enterprise which is a project that has been certified by the Mississippi Major Economic Impact Authority (MMEIA) as a project defined in Section
57-75-5(f)(xxiv)
.
(b)
"Qualified job" means full-time employment at the location of the manufacturing plant in this state of a qualified business or industry that has qualified to receive an incentive payment pursuant to Sections
57-99-21
through
57-99-29
, which employment existed in this state at the location of the manufacturing plant on July 1, 2009.
(c)
"Full-time employment" means a job of at least thirty-five (35) hours per week.
(d)
"Rebate amount" means the amount of Mississippi income taxes withheld from employees in qualified jobs that is available for rebate to the qualified business or industry, provided that:
(i)
Except as otherwise provided in this paragraph (d), the rebate amount shall be one percent (1%) of the wages and taxable benefits for qualified jobs;
(ii)
In no event shall incentive payments exceed the actual Mississippi income taxes withheld from employees in qualified jobs that are available for rebate to the qualified business or industry; and
(iii)
In no event shall the aggregate amount of incentive payments authorized under Sections
57-99-21
through
57-99-29
exceed Six Million Dollars ($6,000,000.00).
(e)
"MDA" means the Mississippi Development Authority.
Laws, 2009, ch. 302, § 4, eff. 2/3/2009.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 99 - MISSISSIPPI MAJOR ECONOMIC IMPACT WITHHOLDING REBATE INCENTIVE PROGRAM (§§ 57-99-1 — 57-99-29) › QUALIFIED BUSINESS OR INDUSTRY - ENTERPRISES (§§ 57-99-21 — 57-99-29) › Section 57-99-23 - Quarterly incentive payments to qualified enterprises; duration of payments; application; job requirements; notification of State Tax Commission

(1)
Except as otherwise provided in this section, a qualified business or industry that meets the qualifications specified in Sections
57-99-21
through
57-99-29
may receive quarterly incentive payments for a period not to exceed ten (10) years from the State Tax Commission pursuant to the provisions of Sections
57-99-21
through
57-99-29
in an amount which shall be equal to the lesser of one percent (1%) of the wages and taxable benefits for qualified jobs or the actual amount of Mississippi income tax withheld by the employer for the qualified jobs.
(2)
In order to receive incentive payments, an establishment shall apply to the MDA by not later than July 1, 2010. The application shall be on a form prescribed by the MDA and shall contain such information as may be required by the MDA to determine if the applicant is qualified.
(3)
In order to qualify to receive such payments, the establishment applying shall be required to:
(a)
Be engaged in a qualified business or industry; and
(b)
The business or industry must maintain a minimum of one thousand two hundred (1,200) qualified jobs.
(4)
Upon approval of such an application, the MDA shall notify the State Tax Commission and shall provide it with a copy of the approved application. The State Tax Commission may require the qualified business or industry to submit such additional information as may be necessary to administer the provisions of Sections
57-99-21
through
57-99-29
. The qualified business or industry shall report to the State Tax Commission periodically to show its continued eligibility for incentive payments. The qualified business or industry may be audited by the State Tax Commission to verify such eligibility.
Laws, 2009, ch. 302, § 5, eff. 2/3/2009.
Mississippi Code 1972 (2023) › Title 57 - PLANNING, RESEARCH AND DEVELOPMENT (§§ 57-NEW-001 — 57-123-55) › Chapter 99 - MISSISSIPPI MAJOR ECONOMIC IMPACT WITHHOLDING REBATE INCENTIVE PROGRAM (§§ 57-99-1 — 57-99-29) › QUALIFIED BUSINESS OR INDUSTRY - ENTERPRISES (§§ 57-99-21 — 57-99-29) › Section 57-99-25 - Creation of MMEIA Rebate Fund; purpose

(1)
There is created in the State Treasury a special fund to be known as the "MMEIA Rebate Fund," into which shall be deposited withholding tax revenue required to be deposited into such fund pursuant to Section
27-7-312
. The money in the fund shall be used for the purpose of making the incentive payments authorized under Sections
57-99-21
through
57-99-29
.
(2)
The liability of the State of Mississippi to make the incentive payments authorized under Sections
57-99-21
through
57-99-29
shall be limited to the balance contained in the fund.
Laws, 2009, ch. 302, § 6, eff. 2/3/2009.