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MS HB740

MS HB740
PEER; authorize to monitor certain contracts for economic development projects to ensure fair minority contract participation.


summary

Introduced
01/16/2026
In Committee
01/16/2026
Crossed Over
Passed
Dead
02/03/2026

Introduced Session

2026 Regular Session

Bill Summary

An Act To Amend Section 5-3-57, Mississippi Code Of 1972, To Authorize The Joint Legislative Committee On Performance Evaluation And Expenditure Review To Evaluate And Monitor All Contracts For Economic Development Projects That Are Fully Or Partially Funded With Tax Dollars To Ensure Minority Contractor Participation Is Fair And Equitable; And For Related Purposes.

AI Summary

This bill amends existing Mississippi law to grant the Joint Legislative Committee on Performance Evaluation and Expenditure Review (PEER) the authority to oversee and monitor contracts for economic development projects that are funded, either fully or partially, by taxpayer money. The primary goal of this oversight is to ensure that minority contractors have a fair and equitable opportunity to participate in these projects. This includes examining aspects of the contracting process such as how bids are handled, how contracts are awarded, the requirements for bids before they are submitted, and any state bonding requirements that might unfairly limit the number of companies that can provide bonds.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Died In Committee (on 02/03/2026)

bill text


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