Bill > HB1995

This bill authorizes the Tunica County Board of Supervisors to provide financial support to the Tunica County Economic Development Foundation, Inc., with a specific funding cap and time limitation. Specifically, the county is empowered to contribute up to $10 million annually to the economic development foundation through the calendar year 2029, using available county funds. The board has discretionary power in determining the exact amount of funding within this maximum limit. The legislation is designed to support local economic development efforts by providing a legal mechanism for the county to financially assist the foundation. The bill will take effect immediately upon its passage, allowing the Board of Supervisors to begin making contributions to the foundation under the specified terms. This type of legislation is common in local government settings, where counties seek to promote economic growth by supporting specialized development organizations.

Government Affairs

https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB1995.xml