Struck = removed from the bill ยท
added = the amendment's new text.
MISSISSIPPIAdopted LEGISLATURECOMMITTEE REGULARAMENDMENT SESSIONNO 20221 By:PROPOSED TO House Bill No.
Representatives660 Barton,BY: Bennett, Haney To:
AppropriationsCommittee HOUSEAmend BILLby NO.striking all after the enacting clause and inserting in lieu thereof the following:
660 AN ACT TO AMEND SECTIONS 57-119-9 AND 57-119-11, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT PUBLIC SCHOOLS ARE ELIGIBLE FOR ASSISTANCE FOR PROJECTS FROM THE GULF COAST RESTORATION FUND;
TO AMEND SECTION 57-119-13, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE PERCENTAGE LIMITATION ON ASSISTANCE THAT MAY BE PROVIDED FROM THE GULF COAST RESTORATION FUND FOR THE COST OF ANY PROJECT SHALL NOT APPLY TO PROJECTS OF CERTAIN PUBLIC ENTITIES;
AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
Projects that are eligible for assistance under this section are 22/SS26/HB660A.1J *SS26/HB660A.1J* PAGE 1 projects that have the potential to generate increased economic activity in the region, as described in Section 57-119-11(3).
H.(2) MDA shall establish criteria, rules, and procedures for accepting and reviewing applications for assistance under this section.
B.
No.
660 *HR26/R1520* ~ OFFICIAL ~ G1/2 22/HR26/R1520 PAGE 1 (RF\KW) (2) MDA shall establish criteria, rules, and procedures for accepting and reviewing applications for assistance under this section.
22/SS26/HB660A.1J *SS26/HB660A.1J* PAGE 2 57-119-11.
(1) MDA is further authorized, on such terms and conditions consistent with the criteria set forth in this section H.as it may determine, to establish programs for making loans, loan guarantees, grants and any other financial assistance from the GCRF to applicants whose projects are approved for assistance under this section.
B.
No.
660 *HR26/R1520* ~ OFFICIAL ~ 22/HR26/R1520 PAGE 2(RF\KW) as it may determine, to establish programs for making loans, loan guarantees, grants and any other financial assistance from the GCRF to applicants whose projects are approved for assistance under this section.
22/SS26/HB660A.1J *SS26/HB660A.1J* PAGE 3 (b) Projects that demonstrate the maximum long-term economic benefits and long-term growth potential of the region H.based on a financial analysis such as a cost-benefit analysis or a return-on-investment analysis;
B.
No.
660 *HR26/R1520* ~ OFFICIAL ~ 22/HR26/R1520 PAGE 3(RF\KW) based on a financial analysis such as a cost-benefit analysis or a return-on-investment analysis;
22/SS26/HB660A.1J *SS26/HB660A.1J* PAGE 4 (j) Projects that are transformational for the future of the region but create a wider regional impact;
H.(k) Projects that enhance the marketability of existing industrial properties;
B.
No.
660 *HR26/R1520* ~ OFFICIAL ~ 22/HR26/R1520 PAGE 4(RF\KW) (k) Projects that enhance the marketability of existing industrial properties;
however, this limitation shall not apply to projects for local units of government, state institutions of higher learning, public communityschools. colleges, public schools, government-owned ports and government-owned airports.
(2) Contracts executed by MDA with recipients of assistance under this chapter must include provisions requiring a performance report on the contracted activities, must account for the proper use of funds provided under the contract, and must include provisions for recovery of assistance if the assistance was based upon fraudulent information or the recipient of the assistance is H.22/SS26/HB660A.1J *SS26/HB660A.1J* PAGE 5 not meeting the performance requirements established by MDA of the assistance.
B.
No.
660 *HR26/R1520* ~ OFFICIAL ~ 22/HR26/R1520 PAGE 5(RF\KW) not meeting the performance requirements established by MDA of the assistance.
This act shall take effect and be in force from and after July 1, 2022, and shall stand repealed on June 30, 2022.
H.Further, amend by striking the title in its entirety and inserting in lieu thereof the following:
B.AN ACT TO AMEND SECTIONS 57-119-9 AND 57-119-11, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT PUBLIC SCHOOLS ARE ELIGIBLE FOR ASSISTANCE FOR PROJECTS FROM THE GULF COAST RESTORATION FUND;
No.TO AMEND SECTION 57-119-13, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE PERCENTAGE LIMITATION ON ASSISTANCE THAT MAY BE PROVIDED FROM THE GULF COAST RESTORATION FUND FOR THE COST OF ANY PROJECT SHALL NOT APPLY TO PROJECTS OF CERTAIN PUBLIC ENTITIES;
660AND *HR26/R1520*FOR ~RELATED OFFICIALPURPOSES. ~ 22/HR26/R1520 ST:
Gulf22/SS26/HB660A.1J Coast*SS26/HB660A.1J* RestorationPAGE Fund;6
limitation on PAGE 6(RF\KW) assistance for any one project not applicable to certain public entities.