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Bill > HB978


MS HB978

Appropriation; Sharkey County for implementing business recovery activities and beginning site development for two pending businesses.


summary

Introduced
01/17/2025
In Committee
01/17/2025
Crossed Over
Passed
Dead
02/26/2025

Introduced Session

2025 Regular Session

Bill Summary

An Act Making An Appropriation To The Board Of Supervisors Of Sharkey County To Assist In Paying Costs Associated With Implementing Business Recovery Activities, Beginning Site Development For Two Pending Businesses, And Establishing Business Attraction And Retention Strategies To Encourage New Business Development And Help Existing Businesses For The Fiscal Year 2026.

AI Summary

This bill appropriates $1,000,000 from the State General Fund to the Board of Supervisors of Sharkey County, Mississippi, to support business recovery efforts following a 2023 tornado. The funding is specifically intended to help local businesses that have struggled with reduced revenues and employee shortages by supporting site development for two pending businesses and establishing strategies to attract and retain businesses. The appropriation will be available for the fiscal year starting July 1, 2025, and ending June 30, 2026. The State Treasurer will disburse the funds through warrants issued by the State Fiscal Officer upon proper requisition, following standard legal procedures for fund distribution. The bill will become effective on July 1, 2025, providing a targeted financial intervention to help Sharkey County's business community recover and grow in the aftermath of a significant natural disaster.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Died In Committee (on 02/26/2025)

bill text


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