AN ACT TO AMEND SECTION 17-25-27, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF AN ECONOMIC DEVELOPMENT PROJECT TO ALSO INCLUDE QUALIFIED PROJECTS, AS DEFINED IN THE MISSISSIPPI FLEXIBLE TAX INCENTIVE ACT; TO AUTHORIZE A COUNTY BOARD OF SUPERVISORS OR A MUNICIPAL GOVERNING AUTHORITY TO ENTER INTO AN AGREEMENT WITH A QUALIFIED BUSINESS ENTERPRISE TO, EITHER INDIVIDUALLY OR COOPERATIVELY, FUND OR REIMBURSE THE QUALIFIED BUSINESS ENTERPRISE FOR CERTAIN QUALIFIED PROJECT COSTS INCURRED IN CONNECTION WITH A QUALIFIED DEVELOPMENT OR REDEVELOPMENT PROJECT SOLELY USING REVENUES DERIVED FROM THE PROJECT; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 17-25-27