AN ACT TO AMEND SECTION 57-26-1, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITIONS OF "TOURISM PROJECT" AND "RESORT DEVELOPMENT" TO INCREASE THE MINIMUM PRIVATE INVESTMENT AMOUNTS REQUIRED UNDER THE TOURISM PROJECT INCENTIVE PROGRAM; TO DECREASE THE PERCENTAGE OF THE PRIVATE INVESTMENT AMOUNT REQUIRED FOR RESORT DEVELOPMENTS THAT MAY BE EXPENDED ON FACILITIES TO HOUSE RETAIL ACTIVITY; TO AMEND SECTION 57-26-7, MISSISSIPPI CODE OF 1972, TO REAUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO APPROVE APPLICATIONS FOR PROJECTS THAT INCLUDE RESORT DEVELOPMENTS, AND TO EXTEND THE APPLICATION DEADLINE TO JUNE 30, 2027; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 57-26-1, 57-26-7
Committee Substitute: 57-26-1, 57-26-7
As Passed by the Senate: 57-26-1, 57-26-7