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Bill > HB1230


MS HB1230

MS HB1230
Mississippi Development Authority; allow businesses located on tribal lands to be eligible for certain discretionary programs.


summary

Introduced
01/18/2021
In Committee
02/16/2021
Crossed Over
02/03/2021
Passed
03/12/2021
Dead
Signed/Enacted/Adopted
03/17/2021

Introduced Session

2021 Regular Session

Bill Summary

An Act To Amend Sections 57-1-16, 57-1-221 And 57-93-1, Mississippi Code Of 1972, To Allow Businesses Located On Tribal Lands Within The Geographical Boundary Of Mississippi To Be Eligible For Mississippi Development Authority Discretionary Programs Through The Ace Fund, The Industry Incentive Financing Revolving Fund And The Existing Industry Productivity Loan Fund; And For Related Purposes.

AI Summary

This bill allows businesses located on tribal lands within the geographical boundary of Mississippi to be eligible for Mississippi Development Authority (MDA) discretionary programs through the ACE Fund, the Industry Incentive Financing Revolving Fund, and the Existing Industry Productivity Loan Fund. The bill expands the definitions of "approved business enterprise" and "existing industry" to include businesses located on tribal lands, making them eligible for grants, loans, and other assistance from these MDA programs that were previously limited to businesses located elsewhere in the state.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Approved by Governor (on 03/17/2021)

bill text


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