As used in this chapter: “Project” means a facility constructed after July 1, 2012, with a capital investment from private sources of not less than Fifty Million Dollars ($50,000,000.00). “MDA” means the Mississippi Development Authority.
There is established an energy infrastructure revolving loan program to be administered by the MDA for the purpose of assisting counties and municipalities in: Constructing, repairing or improving infrastructure related to a project, including, but not limited to, making a contribution in aid of construction to an energy-providing utility or cooperative for its constructing, repairing, […]
There is created a special fund in the State Treasury to be designated as the “Energy Infrastructure Revolving Loan Fund,” which shall consist of such money authorized to be deposited into such fund from any source. The fund shall be maintained in perpetuity for the purposes established in this chapter. Unexpended amounts remaining in the […]
In administering the provisions of this chapter, the MDA shall have the following powers and duties: To supervise the use of all funds made available under this chapter for infrastructure improvements; To review and certify all projects for which funds are authorized to be made available under this chapter; To requisition money in the Energy […]
