HB 1393

AN ACT TO CREATE THE MISSISSIPPI ENERGY INFRASTRUCTURE FUND; TO DEFINE TERMS; TO PROVIDE FOR USES OF THE FUNDS; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO MAKE GRANTS, LOANS OR PROVIDE ANY OTHER FINANCIAL ASSISTANCE; TO REQUIRE ANY LOCAL ENTITY DESIRING A GRANT, LOAN OR OTHER FINANCIAL ASSISTANCE TO SUBMIT AN APPLICATION; TO PRESCRIBE APPLICATION REQUIREMENTS; TO REQUIRE THE AUTHORITY TO DETERMINE WHETHER THE PROJECT MEETS THE DEFINITION OF AN APPROVED PROJECT AND WHETHER TO PROVIDE THE ASSISTANCE REQUESTED IN THE FORM OF A GRANT, LOAN OR OTHER FINANCIAL ASSISTANCE; TO GRANT THE MISSISSIPPI DEVELOPMENT AUTHORITY SOLE DISCRETION IN PROVIDING GRANTS, LOANS OR PROVIDING OTHER FINANCIAL ASSISTANCE; TO PROHIBIT AN ELECTRIC UTILITY PROVIDER FROM BEING CONSIDERED ELIGIBLE TO BE A DIRECT RECIPIENT OF FUNDING; TO REQUIRE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO PROMULGATE RULES AND REGULATIONS; TO PROVIDE THAT THIS ACT SHALL BE REPEALED ON JULY 1, 2029; AND FOR RELATED PURPOSES.