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Bill > HB709


MS HB709

MS HB709
Economic Development Infrastructure Fund; revise purposes for which monies in may be used.


summary

Introduced
01/15/2026
In Committee
01/15/2026
Crossed Over
Passed
Dead
02/03/2026

Introduced Session

2026 Regular Session

Bill Summary

An Act To Amend Section 57-1-501, Mississippi Code Of 1972, To Revise The Purposes For Which Monies In The Economic Development And Infrastructure Fund May Be Used; And For Related Purposes.

AI Summary

This bill expands the purposes for which money from Mississippi's Economic Development and Infrastructure Fund can be used, allowing the Mississippi Development Authority (MDA) to provide grants not only for infrastructure related to legal gaming and entertainment industries in gaming counties and for improving air service at airports in those counties, but also to enhance commercial air service at any airport in the state. This expanded air service support, which can include financial incentives like revenue or seat guarantees to airlines (referred to as "Part 121 carriers"), aims to boost economic development, workforce access, tourism, and business growth across metropolitan areas and surrounding regions. The MDA will consider the economic impact, regional connectivity, and return on investment when reviewing applications for these new air service grants, and a minimum of $2.5 million will still be allocated annually for air service grants in gaming counties, with remaining funds available for infrastructure and the newly expanded air service initiatives.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Died In Committee (on 02/03/2026)

bill text


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