reglab/statecodes huggingface dataset:
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 10 - Economic Development Highway Grant Program › Rule 6-1-10.6 - Highway Project Construction Options

Current through June 25, 2024
There are three options for Highway Project construction:
				  construction by MDOT; construction by a Local Entity on a state designated
				  highway; and construction by a Local Entity on a non-state designated highway.
				  The application process and construction regulations for each are as
				  follows:
A. Construction by the
				Department of Transportation:
(i) The Local
				Entity where the Highway Project is located must submit three (3) copies of an
				application to MDA providing the following information:
(ii). A description of the Highway Project
				including estimates of all cost related to construction and annual
				maintenance.
(iii). A certified
				resolution from the governing authority of the Local Entity detailing the
				source and amount of funds which the Local Entity has committed, or is willing
				to commit, for the Highway Project and a request for MDOT to do the
				construction.
(iv). A certified
				copy of a signed letter of intent from the private company to the Local Entity
				describing in detail the following:
(a). The
				Company Project
(b). The proposed
				timetable for completion of the Company Project
(c). The number of jobs to be
				created
(d). The dollar investment
				to be made by the company
(e). A
				guarantee from the company of the investment at the Company Project
				location
(v). A
				demonstration that the company is financially sound and appears to have assets
				and creditworthiness to secure necessary funds to complete the Company
				Project.
(vi). An estimate by the
				company of the number, size, and weight of motor vehicles and frequency of
				travel of such vehicles upon the Highway Project,
(vii) A statement from the company that the
				proposed Highway Project design will meet the company's needs,
(viii). MDA will forward a copy of the
				application to MDOT for their evaluation.
(ix). MDOT will provide MDA with an estimate
				of how much the Highway Project will cost and request a certification that EDH
				Funds are available for the project.
(x). Upon approval by MDA, MDOT will be
				responsible for all Highway Project design, engineering and
				construction.
(xi). Any changes or
				modifications to the approved plans, which would affect the cost of the Highway
				Project, must be approved by MDOT and MDA
(xii). MDOT will certify to MDA when all
				charges are final and the Highway Project is officially completed.
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 10 - Economic Development Highway Grant Program › Rule 6-1-10.7 - Application Requirements

Current through June 25, 2024
The application should provide the following
				  information:
A. A description of the
				Highway Project.
B. A certified
				resolution from the governing authorities of the Local Entity detailing the
				source and amount of funds which the Local Entity has committed, or is willing
				to commit, for the Highway Project and a statement of intent to perform the
				highway construction.
C. A
				certified copy of a signed letter of intent from the private company to the
				Local Entity describing in detail the following:
(i). The Company Project
(ii). The proposed timetable for completion
				of the Company Project
(iii) The
				number of jobs to be created
(iv).
				The dollar investment to be made by the company
(v). A guarantee from the company of the
				investment at the Company Project location
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 10 - Economic Development Highway Grant Program › Rule 6-1-10.9 - Maintenance

Current through June 25, 2024
Upon approval of the application by MDA, if the Highway
				  Project is a part of the designated state highway system, the maintenance after
				  completion of the project shall be performed by MDOT. If the Highway Project is
				  not part of the designated state highway system, the maintenance after
				  completion shall be performed by whichever entity was authorized to do the
				  construction or improvement.
Miss. Code Ann. §
										65-4-1
				  etseq. (Rev. 2005)
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 10 - Economic Development Highway Grant Program › Rule 6-1-10.10 - Disbursement Procedures

Current through June 25, 2024
MDA will make disbursements on Highway Projects according to
				  the following procedures:
A.
				Construction by the Department of Transportation:
(i). No cost incurred will be considered an
				eligible cost until the Highway Project is approved by MDA.
(ii). Committed funds, in the form of cash
				expenditures by the Local Entity, will be injected before EDH Funds are used
				(if applicable). All local funds, whether in the form of cash expenditures or
				other injections, must be supported by written documentation and approved by
				MDOT. Written documentation will be forwarded to MDA for approval and
				filing.
(iii) MDOT will submit all
				requests for payments to MDA for approval and reimbursement.
(iv). MDA will process all payments on a
				monthly basis.
(v). Payment will be
				paid directly to MDOT.
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.1 - Purpose

Current through June 25, 2024
The Mississippi Tourism Rebate Program, administered by the
				  Mississippi Development Authority (MDA) is a program designed to provide a
				  Rebate to qualified Applicants of new tourism-oriented projects within the
				  State of Mississippi. The Mississippi Tourism Rebate Program allows a portion
				  of the sales tax paid by visitors to the eligible tourism-oriented enterprise
				  project to be paid to the Applicant to reimburse the Applicant for eligible
				  costs incurred during the construction of the project.
Miss. Code Ann. §
										57-26-1 et
				  seq. (Rev. 2008); Senate Bill 2463, 2013 Regular
				  Session
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.2 - Eligible Project › Rule 6-1-11.2.1 - Ineligible Project

Current through June 25, 2024
No certificate designating an entity as an approved
					 participant and authorizing the approved applicant 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, 2016,
					 for other tourism projects.
Miss. Code Ann.
					 §
											57-26-1 et
					 seq. (Rev. 2008), House Bill 1358, 2014 Regular
					 Session
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.3 - Exceptions

Current through June 25, 2024
The following activities cannot be qualified as an eligible
				  project for the Tourism Rebate Program:
A. Expansions of any existing projects
				previously approved by MDA;
B.
				Facilities that are primarily developed for retail sales that are not certified
				as a Resort Development by MDA. Pro shops, souvenir shops, gift shops,
				concessions, and similar retail activities may be included within the
				definition of the project.
Miss. Code Ann. §
										57-26-1 et
				  seq. (Rev. 2008), Senate Bill 2463, 2013 Regular
				  Session
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.4 - Eligible Applicants

Current through June 25, 2024
In order to receive benefits under the Mississippi Tourism
				  Rebate Program, an Applicant must meet the following requirements:
A. The applicant must be a corporation,
				limited liability company, partnership, sole proprietorship, business trust or
				other legal entity authorized to do business in the State.
B. In the event that the applicant is
				licensed by the State Gaming Commission, only eligible costs in excess of the
				required non-gaming development will be included as eligible costs.
C. The applicant must plan to own all the
				components of the tourism project in order for the costs of the components to
				be included in the initial capital investment requirements or as a facility
				from which sales tax will be rebated.
D. The municipality and/or the taxing
				district where the tourism-oriented enterprise will be located must support and
				approve the facility. Such approval must be in the form of a resolution of the
				governing authority acknowledging support of the project and acknowledging that
				80¢ of the sales tax collected from the project will be diverted to the
				Sales Tax Rebate Fund for a period of up to ten (10) years for projects
				approved on or before on or before June 30, 2013 and up to fifteen (15) years
				for projects approved on or after July 1, 2013 and will not be available for
				the standard city diversions.
E.
				Retail related to a Resort Development must consist primarily of upscale brands
				or their equivalent. Retail not eligible for rebate includes:
(i). Department stores
(ii). Convenience stores
(iii).Grocery stores
(iv).Liquor and Tobacco Stores
(v). Discount stores,
(vi). Multiplex Theaters,
(vii). Facilities that perform cleaning,
				repairing, or alteration services, or
(viii) Facilities that perform personal
				services such as tanning, nail and beauty salon
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.5 - Types of Costs That May Be Included

Current through June 25, 2024
The actual costs incurred by the applicant may be included
				  in the total costs that are required to meet Mississippi Tourism Rebate Program
				  initial capital investment requirements. Eligible costs related to the
				  following are allowed:
A. Land
				acquisition;
B.
				Construction;
C.
				Engineering;
D. Design;
E. Costs of contract bonds and
				insurances;
F. Installation of
				utilities paid by the Applicant (including project-specific off-site
				extensions);
G. Equipping of the
				attraction;
H. Infrastructure paid
				by the Applicant; and
I. Other
				costs comparable to those described above can be approved on a case-by-case
				basis.
Miss. Code Ann. §
										57-26-1 et
				  seq. (Rev. 2008), Senate Bill 2463, 2013 Regular
				  Session
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.6 - Capital Investment Exemptions

Current through June 25, 2024
Costs for advertising, marketing, inventory, or working
				  capital are not included in calculating the capital investment. In no instance
				  will costs related to gaming activities be treated as eligible project
				  costs.
Miss. Code Ann. §
										57-26-1 et
				  seq. (Rev. 2008), Senate Bill 2463, 2013 Regular
				  Session
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.7 - Verifying Costs

Current through June 25, 2024
Upon completion of the project, the Applicant must submit a
				  summary of project costs to MDA. This summary must be independently verified by
				  a Certified Public Accountant, or another independent third party approved by
				  the MDA. The Applicant will pay the costs for this
				  verification.
Miss. Code Ann. §
										57-26-1 et
				  seq. (Rev. 2008), Senate Bill 2463, 2013 Regular
				  Session
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.8 - Determining Amount of Sales Tax to be Diverted to the Applicant

Current through June 25, 2024
MDA, with the assistance of the Mississippi Department of
				  Revenue, will determine the amount of sales tax collected at the
				  tourism-oriented enterprise that may be diverted to the applicant. The amount
				  of Rebate payments will be equal to 80¢ of the amount of sales tax revenue
				  collected from businesses owned by the project. These payments will be limited
				  to 30¢ of the approved project costs funded from private sources or for a
				  rebate term of ten (10) years for projects approved on or before June 30, 2013
				  and up to fifteen (15) years for projects approved on or after July 1, 2013,
				  whichever threshold occurs first.
Miss. Code Ann. §
										57-26-1 et
				  seq. (Rev. 2008), Senate Bill 2463, 2013 Regular
				  Session
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.9 - Rebate Process

Current through June 25, 2024
To begin the rebate process, after the project costs are
				  submitted, the Applicant must provide the MDA with a listing of all Sales Tax
				  Accounts and Account Numbers related to the project. The Mississippi Department
				  of Revenue will be provided these accounts and will begin making the required
				  diversions into the Tourism Project Sales Tax Incentive Fund the month
				  following notification. Rebate Payments from the fund will be made each January
				  and July to Applicants that are eligible for rebates.
Miss. Code Ann. §
										57-26-1 et
				  seq. (Rev. 2008), Senate Bill 2463, 2013 Regular
				  Session
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.10 - Application Process

Current through June 25, 2024
All Mississippi Tourism Rebate Program documents may be
				  obtained from MDA. The applicant must submit a completed application and a
				  non-refundable application fee of $5,000 to MDA to initiate the review process.
				  MDA will make a preliminary review of the application to determine if the
				  tourism project meets the basic program requirements. Items that must be
				  submitted with the application are:
A.
				Plans and a detailed description of the proposed project;
B. A summary of the anticipated project
				costs, along with supporting documentation to support the cost
				estimates;
C. The method of
				financing to be used for the project, including financing terms;
D. An independent study that identifies the
				projected number of out-of-state visitors and provides the ratio of in-state to
				out-of state visitors anticipated; and
E. A resolution from the local governmental
				unit that acknowledges that no city diversion will be received on the sales tax
				collections and that the community supports the project location and
				plan.
Miss. Code Ann. §
										57-26-1 et
				  seq. (Rev. 2008), Senate Bill 2463, 2013 Regular
				  Session
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.11 - Approval Process

Current through June 25, 2024
Upon determination that all program requirements are met, a
				  Mississippi Tourism Rebate Program Certificate (Mississippi Tourism Rebate
				  Program Certificate) will be issued. The provision of each Certificate will
				  include:
A. The amount of the approved
				project costs and the maximum rebate available.
B. A date by which the applicant must
				complete the tourism project (the Completion Date).
C. A rebate term of ten (10) years for
				projects approved on or before June 30, 2013 or fifteen (15) years for projects
				approved on or after July 1, 2013 from the completion date or the date on which
				30¢ of the approved project costs has been rebated to the applicant,
				whichever threshold is met first.
Miss. Code Ann. §
										57-26-1 et
				  seq. (Rev. 2008), Senate Bill 2463, 2013 Regular
				  Session
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.12 - Certification

Current through June 25, 2024
Within three (3) months after the Completion Date, the
				  Applicant must document the actual cost of the tourism project through a
				  certification (Completion Certificate) of such costs by an independent
				  certified public accountant or other independent party acceptable to the MDA.
				  The Completion Date must be within 24 months following the Mississippi Tourism
				  Rebate Program Certificate date, unless an extension is granted. The Approved
				  Project Costs allowed for the tourism project will be the lesser of the actual
				  costs as certified or the approved project cost provided on the application.
				  Approved project costs may not increase regardless of the actual costs incurred
				  by the project.
Miss. Code Ann. §
										57-26-1 et
				  seq. (Rev. 2008), Senate Bill 2463, 2013 Regular
				  Session
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.13 - Mississippi Tourism Rebate Agreement

Current through June 25, 2024
After MDA receives the Completion Certificate and the actual
				  project costs are confirmed, a Mississippi Tourism Rebate Agreement shall be
				  executed between the applicant and MDA. Such agreement shall specify:
A. The approved tourism project will not
				receive a rebate, if in any calendar year following the Completion Date, the
				tourism project is not operating and open to the public on a regular and
				consistent basis.
B. The Agreement
				shall not be transferable or assignable by the applicant without the written
				consent of the Executive Director of MDA.
C. The approved applicant will supply MDA
				with such reports and certifications as the MDA may request demonstrating to
				the satisfaction of the Director that the approved applicant is in compliance
				with the provisions of the Act and Agreement.
D. The approved Applicant is responsible for
				supplying all sales tax account numbers for the project to the MDA. No rebate
				payments will be made for the project until one month after receipt of the
				account numbers by MDA. The Applicant must supply account numbers that are
				added or changed in order to receive rebate payments from the
				accounts.
Miss. Code Ann. §
										57-26-1 et
				  seq. (Rev. 2008), Senate Bill 2463, 2013 Regular
				  Session
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.14 - Mississippi Department of Revenue

Current through June 25, 2024
MDA will notify the Mississippi Department of Revenue of the
				  approved tourism project through the issuance of the Mississippi Tourism Rebate
				  Program Certificate. Upon full execution of the Tourism Rebate Agreement, MDA
				  will provide a copy to the Department of Revenue and the Department of Revenue
				  shall deposit eligible sales tax collections into the Mississippi Tourism
				  Rebate Program Sales Tax Rebate Fund.
Miss. Code Ann. §
										57-26-1 et
				  seq. (Rev. 2008), Senate Bill 2463, 2013 Regular
				  Session
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.15 - Determination of Benefits

Current through June 25, 2024
MDA shall determine, based on the Completion Certificate,
				  the maximum amount of benefits the Applicant may receive. MDA shall make
				  benefit payments in January and July of each year until the full credit is
				  reached or for ten (10) years for projects approved on or before June 30, 2013
				  and up to fifteen (15) years for projects approved on or after July 1, 2013,
				  whichever occurs first.
Miss. Code Ann. §
										57-26-1 et
				  seq. (Rev. 2008), Senate Bill 2463, 2013 Regular
				  Session
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.16 - Amendment and Waiver

Current through June 25, 2024
These guidelines may be amended by MDA at anytime. MDA, in
				  its discretion, may temporarily waive any requirement of these guidelines to
				  the extent that the result of such waiver is to promote the public purpose of
				  the Act and is not prohibited by State laws.
Miss. Code Ann. §
										57-26-1 et
				  seq. (Rev. 2008), Senate Bill 2463, 2013 Regular
				  Session
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 11 - Mississippi Tourism Rebate Program › Rule 6-1-11.17 - Additional/Contact Information

Current through June 25, 2024
Additional information related to the program and these
				  program guidelines may be obtained by contacting:
Mississippi Development Authority
Mississippi Tourism Rebate Program
Financial Resources Division
Post Office Box 849
Jackson, Mississippi 39205
(601) 359-3552
Miss. Code Ann. §
										57-26-1 et
				  seq. (Rev. 2008), Senate Bill 2463, 2013 Regular
				  Session
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 12 - Growth and Prosperity Program › Rule 6-1-12.1 - Purpose

Current through June 25, 2024
The Advantage Mississippi Initiative was outlined and
				  developed by Governor Ronnie Musgrove and enacted into law in August 2000. The
				  Advantage Mississippi Initiative is a blueprint to expand prosperity throughout
				  our entire State. This Initiative includes not only new business incentives but
				  comprehensive programmatic changes designed to enhance Mississippi's
				  competitive position in the nation and the world. The Growth and Prosperity
				  Program ("GAP"), administered by the Mississippi Development Authority ("MDA"),
				  is a program designed for designating certain counties as GAP counties and
				  making incentives available to private companies that locate or expand in those
				  economically challenged areas of the state.
Miss. Code Ann. §
										57-80-1
				  etseq. (Rev. 2008)
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 12 - Growth and Prosperity Program › Rule 6-1-12.2 - Eligible Counties and Other Entities

Current through June 25, 2024
A county or entity must fall into one or more of the
				  following categories to qualify under the GAP Program:
A. Counties:
(i). Counties which have 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 from 2000 through 2005, as
				determined by the Mississippi Employment Security Commission's ("MESC") most
				recently published data and/or;
(ii). Counties that apply
before
December 31, 2002, are eligible if thirty
				percent (30%) or more of the population of the county is, at or below, the
				federal poverty level. Eligibility will be based on the official data compiled
				by the United States Census Bureau as of August 30, 2000.
(iii). Counties that apply
after
December 31, 2002, are eligible if thirty
				percent (30%) or more of the population of the county is at, or below, the
				federal poverty level according to the most recent official data compiled by
				the United States Census Bureau.
(iv). Supervisors Districts (As They Exist on
				January 1, 2001)
(v). Districts are
				eligible if thirty percent (30%) or more of the population, as of June 30, 2000
				is at, or below, the federal poverty level according to the official data
				compiled by the United States Census Bureau as of June 30, 2000, or the
				official 1990 census poverty rate data. The official 1990 census poverty rate
				data shall not be used to make determination after December 31, 2002.
(vi). Must be contiguous to a county that has
				been certified a GAP county by MDA. To receive the incentive(s) offered by GAP,
				an approved business enterprise must be located within eight (8) miles of the
				boundary of a certified GAP county.
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 12 - Growth and Prosperity Program › Rule 6-1-12.3 - Eligible Business Enterprises

Current through June 25, 2024
The following types of new or expanding businesses are
				  eligible to participate under the GAP Program:
A. Manufacturing, processing, assembling,
				storing, warehousing, servicing, distributing or selling of any products or
				goods, including products of agriculture;
B. Enterprises for research and development,
				including, but not limited to, scientific laboratories; or
C. Other businesses or industries that will
				further the public purposes of the GAP Act as determined on a case-by-case
				basis by MDA, and that create a minimum often (10) jobs.
Miss. Code Ann. §
										57-80-1
				  etseq. (Rev. 2008)
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 12 - Growth and Prosperity Program › Rule 6-1-12.4 - Exemptions

Current through June 25, 2024
Retail or gaming businesses or electrical generation
				  facilities are not considered eligible business enterprises.
Miss. Code Ann. §
										57-80-1
				  etseq. (Rev. 2008)
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 12 - Growth and Prosperity Program › Rule 6-1-12.5 - Government Entity Application Information

Current through June 25, 2024
There is no separate application form. Two copies of the
				  application information must be submitted to MDA. MDA will evaluate this
				  information to determine if the government entity meets the program criteria
				  The application presented by a county or other entity must include:
A. A statement indicating which criteria the
				county is using to be deemed qualified.
B. A supervisor's district must use the
				poverty level criteria and should include a map showing the GAP County with
				which they are associated and the basis for the districts'
				eligibility.
C. A certified copy of
				an order or resolution of the Board of Supervisors consenting to the
				designation of the county or a supervisor's district as a GAP entity. The order
				or resolution should also contain language that the Board of Supervisors
				understands, that once designated a GAP county, any and all MDA approved
				business enterprise will receive up to a ten-year ad valorem tax exemption.
				Such exemption does not include the school tax or taxes imposed to pay the cost
				of providing fire and police protection.
D. Any municipality within a certified GAP
				county must apply to MDA to be certified as a GAP community. The Municipality
				must be located in a Certified GAP county and must provide a certified order or
				resolution containing the same information as required above for county Board
				of Supervisors.
Miss. Code Ann. §
										57-80-1
				  etseq. (Rev. 2008)
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 12 - Growth and Prosperity Program › Rule 6-1-12.6 - Business Enterprise Application Information

Current through June 25, 2024
There is no separate application form. Two copies of the
				  business enterprise application information must be submitted to MDA. MDA will
				  evaluate this information to determine if the business is eligible to be
				  designated a GAP Business. Business enterprises seeking to be approved by MDA
				  must submit the following:
A. A
				complete description of the proposed business enterprise setting out the
				business or activity to be conducted. Included in this description should be
				the name, address, and telephone number of the contact person.
B. A statement of the number of new jobs to
				be created in the GAP County.
C. A
				statement that the project and the jobs contemplated in the GAP county are not
				being transferred from another county in the state.
D. A statement that the business enterprise
				is in full compliance with all state and local laws, and related ordinances and
				resolutions (building permits, fees, taxes, prior commitments in county,
				etc.).
E. A statement of the total
				investment planned for the project and the sources of the financing.
F. A list of any and all other incentives
				awarded or applied for relative to this project.
G. A statement that the business enterprise
				is willing to enter into an agreement with
H. MDA establishing the business setting;
				performance requirements; and provisions for the recapture of all, or a
				portion, of the taxes exempted, if the performance requirements are not
				met.
I. Provide a map showing where
				in the GAP County or supervisor's district they are located or
				locating.
J. Any and all other
				information that the MDA may reasonably require on a case-by-case
				basis.
Miss. Code Ann. §
										57-80-1
				  etseq. (Rev. 2008)
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 12 - Growth and Prosperity Program › Rule 6-1-12.7 - Certification

Current through June 25, 2024
Upon approval of a business enterprise and/or a government
				  entity, MDA shall forward a certificate of convenience and necessity to the
				  Mississippi State Tax Commission.
Miss. Code Ann. §
										57-80-1
				  etseq. (Rev. 2008)
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 12 - Growth and Prosperity Program › Rule 6-1-12.8 - Controlling Regulations

Current through June 25, 2024
Rules and regulations of the Mississippi State Tax
				  Commission shall control the implementation of both the local and state tax
				  exemptions granted under the Act.
Miss. Code Ann. §
										57-80-1
				  etseq. (Rev. 2008)
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 12 - Growth and Prosperity Program › Rule 6-1-12.9 - Length of Exemption

Current through June 25, 2024
Any exemption granted will be for a period often (10) years
				  or until December 31, 2015, whichever occurs first.
Miss. Code Ann. §
										57-80-1
				  etseq. (Rev. 2008)
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 12 - Growth and Prosperity Program › Rule 6-1-12.10 - Decertification

Current through June 25, 2024
If the annualized unemployment rate in a certified GAP
				  County falls below one hundred fifty percent (150%) of the state's annualized
				  unemployment rate for three consecutive calendar years, the tax exemptions
				  authorized under the GAP Act will not be granted to additional business
				  enterprises. Tax exemptions previously granted to approved business enterprises
				  shall continue as if the county continued to be eligible.
Miss. Code Ann. §
										57-80-1
				  etseq. (Rev. 2008)
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 12 - Growth and Prosperity Program › Rule 6-1-12.11 - Waiver

Current through June 25, 2024
These guidelines may be amended by MDA at any time. MDA, in
				  its discretion, may temporarily waive any requirement of the guidelines to the
				  extent that the result of such waiver is to promote the public purpose of the
				  Act and is not prohibited by State
Miss. Code Ann. §
										57-80-1
				  etseq. (Rev. 2008)
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 13 - Amended Mississippi Airport Revitalization Revolving Loan Program › Rule 6-1-13.1 - Purpose

Current through June 25, 2024
The Mississippi Airport Revitalization Revolving Loan
				  Program ("Airport Loan Program"), administered by the Mississippi Development
				  Authority ("MDA"), is designed for making loans to airport authorities ("Local
				  Sponsors") for the construction and/or the improvement of airport facilities
				  located in the state of Mississippi ("State"). Funding for loans to Local
				  Sponsors is derived from the issuance of State bonds or notes. The Airport Loan
				  Program was enacted by the State Legislature during the Regular 1993
				  Session.
Miss. Code
				  Ann. §
										57-61-41
				  et seq. (Rev. 2008).
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 13 - Amended Mississippi Airport Revitalization Revolving Loan Program › Rule 6-1-13.2 - Local Sponsors

Current through June 25, 2024
Local Sponsors considered to be eligible applicants are
				  county and municipal airports authorized to operate in the State. In order to
				  obtain assistance under the Airport Loan Program, a Local Sponsor's governing
				  authority ("Governing Authority") must submit an application to
				  MDA.
Miss. Code
				  Ann. §
										57-61-41
				  et seq. (Rev. 2008).
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 13 - Amended Mississippi Airport Revitalization Revolving Loan Program › Rule 6-1-13.3 - Eligible Projects

Current through June 25, 2024
Projects which are eligible for assistance must be directly
				  related to the airport facility and are limited to construction, expansion,
				  improvements, rehabilitation, or repair of:
A. Drainage systems;
B. Energy facilities (power generation and
				distribution);
C. Sewer systems
				(pipe treatment);
D. Transportation
				facilities directly affecting the site, including roads, sidewalks, bridges,
				rail lines, rivers, pipelines, or runways;
E. Buildings;
F. Water supply systems (storage, treatment,
				and distribution);
G. Equipment
				necessary for airport operation; and
H. Land improvements.
Miss. Code
				  Ann. §
										57-61-41
				  et seq. (Rev. 2008).
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 13 - Amended Mississippi Airport Revitalization Revolving Loan Program › Rule 6-1-13.4 - Exemptions

Current through June 25, 2024
Loan funds may not be used for working capital by the airport
				  facility, nor to provide facilities for utilization by a gambling
				  vessel.
Miss. Code
				  Ann. §
										57-61-41
				  et seq. (Rev. 2008).
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 13 - Amended Mississippi Airport Revitalization Revolving Loan Program › Rule 6-1-13.5 - General Loan Terms

Current through June 25, 2024
The maximum which may be loaned from Airport loan funds to
				  finance any one project is $1,000,000. Airport loan funds may be used for one
				  hundred percent (100%) project financing. The maximum term will be for up to
				  ten (10) years with an interest rate of one percent (1%) per
				  annum.
Miss. Code
				  Ann. §
										57-61-41
				  et seq. (Rev. 2008).
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 13 - Amended Mississippi Airport Revitalization Revolving Loan Program › Rule 6-1-13.6 - Payment

Current through June 25, 2024
The principal and interest will be paid on an annual basis
				  and will be used to fund future loans under the Airport Loan
				  Program.
Miss. Code
				  Ann. §
										57-61-41
				  et seq. (Rev. 2008).
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 13 - Amended Mississippi Airport Revitalization Revolving Loan Program › Rule 6-1-13.7 - Local Sponsor Application

Current through June 25, 2024
The application to be submitted by a Local Sponsor must
				  include:
A. The purpose of the proposed
				loan including a list of eligible items and the cost of each;
B. The estimated cost of the total project, a
				description of the Local Sponsor's investment in the project, and all public or
				private sources of funding;
C. The
				time schedule for implementation and completion of the project, evidencing an
				expeditious completion of the project;
D. A statement of intention to operate the
				project for a time period equal to the term of the loan;
E. Certified proofs of publication of the
				Resolution of Intention of the Governing Authority to apply for Airport Loan
				funds. (Examples of the Resolution, which must be published once a week for at
				least four (4) consecutive weeks in a newspaper having general circulation in
				the county, may be found as Exhibit A or B.) Upon receiving the results of the
				publication of the Resolution of Intention, the Governing Authority will need
				to provide MDA with an executed Resolution of No Protest;
F. A statement of willingness to comply with
				nondiscrimination and equal employment opportunity requirements; and
G. Current employment levels at the project
				site and estimated increases, if any, as a result of financing the
				project.
Miss. Code
				  Ann. §
										57-61-41
				  et seq. (Rev. 2008).
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 13 - Amended Mississippi Airport Revitalization Revolving Loan Program › Rule 6-1-13.8 - Evaluation

Current through June 25, 2024
Two (2) copies of the application must be submitted to MDA.
				  MDA will evaluate the application to determine if the project meets the program
				  criteria and what terms and conditions the loan should bear.
Miss. Code
				  Ann. §
										57-61-41
				  et seq. (Rev. 2008).
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 13 - Amended Mississippi Airport Revitalization Revolving Loan Program › Rule 6-1-13.9 - Liens

Current through June 25, 2024
If applicable, MDA may require a lien on the improvements
				  made at an airport for the benefit of a private company. The private company
				  must be willing to grant a lien or to provide collateral (e.g., a letter of
				  credit, corporate or personnel guarantees, in an amount and manner to be
				  determined by MDA).
Miss. Code
				  Ann. §
										57-61-41
				  et seq. (Rev. 2008).
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 13 - Amended Mississippi Airport Revitalization Revolving Loan Program › Rule 6-1-13.10 - Penalties

Current through June 25, 2024
Local Sponsors who fail to meet repayment obligations shall
				  cause all or part of the Local Sponsor's Governing Authority's sales tax
				  allocation and/or homestead exemption reimbursement to be withheld or shall be
				  subject to such other penalties as MDA may prescribe.
Miss. Code
				  Ann. §
										57-61-15(7)
				  (Rev. 2008).
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 13 - Amended Mississippi Airport Revitalization Revolving Loan Program › Rule 6-1-13.11 - Disbursement Process

Current through June 25, 2024
A Loan Agreement and Promissory Note (the "Loan Documents")
				  will be executed between the Local Sponsor, the Governing Authority, and MDA.
				  The Loan Documents are required for disbursement of funds and cannot be
				  executed until all required conditions in these guidelines have been
				  met.
Miss. Code
				  Ann. §
										57-61-41
				  et seq. (Rev. 2008).
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 13 - Amended Mississippi Airport Revitalization Revolving Loan Program › Rule 6-1-13.12 - Reimbursement Process

Current through June 25, 2024
The State will release loan funds on a reimbursement basis
				  for approved eligible costs of the project as incurred. The Local Sponsor shall
				  certify to MDA during construction that the expenses were incurred and were in
				  accordance with the plans approved by MDA. Funds will be released periodically
				  upon receipt of supporting documentation from the Local Sponsor. Funds may not
				  be drawn down more frequently than monthly.
Miss. Code
				  Ann. §
										57-61-41
				  et seq. (Rev. 2008).
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 13 - Amended Mississippi Airport Revitalization Revolving Loan Program › Rule 6-1-13.13 - Audit

Current through June 25, 2024
Loans made under the Airport Loan Program are subject to
				  audit by the State Department of Audit.
Miss. Code
				  Ann. §
										57-61-41
				  et seq. (Rev. 2008).
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 13 - Amended Mississippi Airport Revitalization Revolving Loan Program › Rule 6-1-13.14 - Waiver

Current through June 25, 2024
These guidelines may be amended by MDA at anytime. MDA, in
				  its discretion, may temporarily waive any requirement of the guidelines to the
				  extent that the result of such waiver is to promote the public purpose of the
				  Act and is not prohibited by State Law.
Miss. Code
				  Ann. §
										57-61-41
				  et seq. (Rev. 2008).
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 13 - Amended Mississippi Airport Revitalization Revolving Loan Program › Rule 6-1-13.15 - Compliance with Federal Immigration Laws and Mississippi Employment Protection Act

Current through June 25, 2024
Local Sponsors and/or Project contractors are required to
				  ensure compliance with the Mississippi Employment Protection Act ("MEPA"),
				  Miss. Code. Ann. §
									71-11-3
				  et seq., and must ensure that the Local Sponsor and/or Project contractors
				  register and participate in the status verification system for all newly hired
				  employees. The term "employee" as used herein means any person that is hired to
				  perform work within the State of Mississippi. As used herein, "status
				  verification system" means the Illegal Immigration Reform and Immigration
				  Responsibility Act of 1996 that is operated by the United States Department of
				  Homeland Security, also known as the E-Verify Program, or any other successor
				  electronic verification system replacing the E-Verify Program. Local Sponsor
				  and/or Project contractors must maintain records of such compliance and, upon
				  request of the State of Mississippi and approval of the Social Security
				  Administration or Department of Homeland Security, where required, to provide a
				  copy of each such verification to the State. Any person assigned to perform
				  services must meet the employment eligibility requirements of all federal and
				  state immigration laws. Any breach may subject the company to the following:
(a) termination of the Agreement and
				ineligibility for any state or public contract in Mississippi for up to three
				(3) years, with notice of such cancellation/termination being made public, or
(b) the loss of any license,
				permit, certification or other document granted to the company by an agency,
				department or governmental entity for the right to do business in Mississippi
				for up to one (1) year, or
(c)
				both. In the event of such termination/cancellation, the Local Sponsor and/or
				Project contractor would also be liable for any additional costs incurred by
				the State due to contract cancellation or loss of license or permit.
Miss. Code
				  Ann. §
										71-11-3;
				  Miss. Code Ann. §
										57-1-371;
				  Miss. Code Ann. §
										57-1-373.
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 14 - Mississippi Small Enterprise Development (SED) Finance Act › Rule 6-1-14.1 - Introduction

Current through June 25, 2024
The Small Enterprise Development Program ("SED"),
				  administered by the Mississippi Business Finance Corporation ("MBFC"), is a
				  program designed for the purpose of making loans to qualified private companies
				  ("Borrower"), in order to finance the location or expansion of projects, as
				  defined below, which will result in increased employment and investment in
				  small communities. Funding for the SED program is derived from the issuance of
				  taxable or tax exempt general obligation bonds ("Bonds") of the State of
				  Mississippi ("State"). SED was enacted by the State Legislature during the 1988
				  Regular Session.
Miss. Code Ann. §
										57-71-1
				  et. seq. (Rev. 2008)
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 14 - Mississippi Small Enterprise Development (SED) Finance Act › Rule 6-1-14.2 - Small Community

Current through June 25, 2024
Small community is defined as any county, city, or town with
				  a population of 50,000 or less and any area within five (5) miles of such town
				  or city, determined according to the most recent Federal Decennial
				  Census.
Miss. Code Ann. §
										57-71-1
				  et. seq. (Rev. 2008)
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 14 - Mississippi Small Enterprise Development (SED) Finance Act › Rule 6-1-14.3 - Borrower

Current through June 25, 2024
In order to qualify for a loan under SED, the Borrower must
				  meet the following requirements:
A.
				The assistance must be requested by a private company located or to be located
				within the State which is an agricultural, aquacultural, horticultural,
				industrial, manufacturing, or research and development enterprise or
				enterprises, or the lessor of such enterprise (a "Qualified Project" or a
				"Project");
B. The Borrower must be
				able to demonstrate that the assistance will result in creation and maintenance
				of a minimum often (10) net new full-time equivalent jobs;
C. The Borrower must meet the financing
				eligibility requirements then imposed by State and federal laws; The Borrower
				must have a viable and attainable business plan and the ability to timely repay
				the loan;
D. The Borrower must meet
				the definition of "principal user and related parties" as set forth by the
				Internal Revenue Code of 1986;
E.
				The Borrower may not have in excess of forty million dollars ($40,000,000) in
				tax-exempt bonds issued and outstanding for its benefit within the United
				States;
F. The Borrower must
				certify, in a form satisfactory to MBFC, that it will not discriminate against
				any employee or any applicant for employment because of race, religion, color,
				national origin, sex, or age; and
G. The Borrower must meet all other
				requirements set forth in the Act and the program guidelines.
Miss. Code Ann. §
										57-71-1
				  et. seq. (Rev. 2008)
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 14 - Mississippi Small Enterprise Development (SED) Finance Act › Rule 6-1-14.4 - Projects

Current through June 25, 2024
In order to be considered eligible for assistance, a Project
				  must:
A. Be located in a small
				community within the State;
(i).
(NOTE:
Twenty percent (20%) of the total program funding may be
				used in communities which do not fall within the definition of small
				community.);
Mississippi Administrative Code › Title 6 - Economic Development › Part 1 - Financial Resources › Chapter 14 - Mississippi Small Enterprise Development (SED) Finance Act › Rule 6-1-14.5 - Working Capital

Current through June 25, 2024
No portion of the proceeds of the loan may be used to
				  provide working capital to the Borrower.
Miss. Code Ann. §
										57-71-1
				  et. seq. (Rev. 2008)