Bill > SB2857

This bill increases the maximum grant amount that the Mississippi Development Authority (MDA) can award to small municipalities and limited population counties from $250,000 to $1,000,000 during any grant period. The bill defines a "small municipality" as a town with 10,000 or fewer residents (including municipal historical hamlets) and a "limited population county" as a county with 30,000 or fewer residents. The grants come from the Small Municipalities and Limited Population Counties Fund, a special state treasury fund that can receive legislative appropriations and other designated funds. Municipalities and counties must submit applications to the MDA describing their proposed project, its cost, and other required information. The MDA is responsible for establishing the grant program, promulgating regulations, and filing an annual report detailing the assistance provided. The bill will take effect on July 1, 2025, and aims to provide more substantial financial support for infrastructure and development projects in smaller communities across Mississippi.

Budget and Finance

https://billstatus.ls.state.ms.us/2025/pdf/history/SB/SB2857.xml