AN ACT TO AMEND SECTION 29-5-215, MISSISSIPPI CODE OF 1972, TO INCREASE THE BORROWING AUTHORITY OF THE DEPARTMENT OF FINANCE AND ADMINISTRATION, FROM $7,000,000.00 TO $14,000,000.00, FOR THE PURPOSE OF PAYING THE COSTS OF IMPLEMENTING AND ADMINISTERING THE IMPROVEMENT PROJECTS IN THE CAPITOL COMPLEX IMPROVEMENT DISTRICT COMPREHENSIVE PLAN, AND TO ADD USE TAX REVENUE AS A SOURCE OF FUNDING FOR THE CAPITOL COMPLEX IMPROVEMENT DISTRICT PROJECT FUND; TO AMEND SECTION 27-67-31, MISSISSIPPI CODE OF 1972, TO DIVERT TO THE CAPITOL COMPLEX IMPROVEMENT DISTRICT PROJECT FUND A CERTAIN PORTION OF USE TAX REVENUE BASED ON THE PERCENTAGE OF THE MISSISSIPPI POPULATION RESIDING IN THE CITY OF JACKSON; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 29-5-215, 27-67-31