§ 21-47-3. Use of funds, generally
The Delta Natural Gas District shall devote all monies, derived from any source other than the issuance of bonds for purposes authorized by the laws of the State of Mississippi, to or for the payment of all operating expenses, including such items as are normally required of utilities for sales development; to or for the […]
§ 21-43-129. Custody and disbursement of proceeds of assessments; district fiscal year; permissible improvements
The proceeds of any assessment imposed pursuant to an approved district plan shall be held by the chief fiscal officer of the municipality until disbursed to the designated district management group. A business improvement district shall operate on the same fiscal year as that of the municipality. None of the proceeds collected pursuant to Sections […]
§ 21-43-131. Duration of initial authorization of district; requirements and procedure for reauthorization
The initial authorization for any business improvement district shall be for ten (10) years. During the last twelve (12) months of the tenth year of the authorization, a new district plan must be developed which meets all of the initial requirements of the district plan plus reauthorizes the district for another ten (10) years. Reauthorization […]
§ 21-43-133. Dissolution of district
Any district established or extended pursuant to the provisions in Sections 21-43-101 through 21-43-133, which has satisfied all indebtedness incurred to accomplish any of the purposes of the district, may be dissolved by the governing authority of the municipality upon: Written and certified petition from the property owners within the district who collectively represent more […]
§ 21-45-1. Short title
This chapter may be cited as the “Tax Increment Financing Act.”
§ 21-45-3. Definitions
For the purposes of this chapter, the following terms shall have the meanings given them in this section unless a different meaning is clearly indicated by the context: “Project area” includes: Areas in which there is a significant amount of buildings or improvements which, by reason of dilapidation, deterioration, age, obsolescence, inadequate provision for ventilation, […]
§ 21-45-5. Relation to other laws; authority of municipalities to accept financial assistance and to enter into agreements with developers
This chapter shall be construed as cumulative authority to other existing laws relating to the powers of municipalities to undertake and carry out slum clearance and redevelopment work. Any municipality engaged in slum clearance or redevelopment work through a redevelopment project within the boundaries of the municipality may provide for financing to defray the cost, […]
§ 21-43-121. Designation of district management group; fees and costs chargeable to district; contracts for specialty services
Each district established pursuant to the provisions of Sections 21-43-101 through 21-43-133, must designate in its district plan an existing local non-profit organization or department of local government as the district management group for execution of day to day activities for the district and for implementation of the district plan. Designation of the district management […]
§ 21-43-123. Authorization of assessments for funding of district; lien for assessments; receipt of grants and donations by district
A business improvement district may be funded in whole or in part by an assessment authorized pursuant to this section. Such assessment shall be in addition to any taxes or assessments that may be imposed on property that is included in the district. The assessment shall be levied on the property in the district based […]
§ 21-43-125. Financing of improvements in districts
The expenses incurred in the construction, designing, planning, marketing, administration or operation of any improvement in a district shall be financed in accordance with the district plan. Upon the establishment, reauthorization, amendment or extension of the district, property owners within the district shall be charged the assessment pursuant to the plan. Improvements must be in […]