Bill Text: MS HB1487 | 2021 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: City of Vicksburg; authorize to execute certain agreement to make contributions to Vicksburg Warren Economic Development Foundation.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2021-04-05 - Approved by Governor [HB1487 Detail]

Download: Mississippi-2021-HB1487-Introduced.html

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MISSISSIPPI LEGISLATURE

2021 Regular Session

To: Local and Private Legislation

By: Representative Denton

House Bill 1487

AN ACT TO AUTHORIZE THE GOVERNING AUTHORITIES OF THE CITY OF VICKSBURG, MISSISSIPPI, TO EXECUTE AN AGREEMENT WITH THE VICKSBURG WARREN COUNTY ECONOMIC DEVELOPMENT FOUNDATION TO MAKE CONTRIBUTIONS TO THE VICKSBURG WARREN ECONOMIC DEVELOPMENT FOUNDATION FOR THE BENEFIT OF THE THAD COCHRAN MISSISSIPPI CENTER FOR INNOVATION AND TECHNOLOGY PROJECT; AND FOR RELATED PURPOSES.

     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

     SECTION 1.  (1)  The governing authorities of the City of Vicksburg, Mississippi, is authorized and empowered, in their discretion, to execute an agreement with the Vicksburg Warren County Economic Development Foundation and to contribute annually from its general funds an amount not to exceed Three Hundred Thousand Dollars ($300,000.00) to the Vicksburg Warren Economic Development Foundation for the benefit of the Thad Cochran Mississippi Center for Innovation and Technology project.

     (2)  This section shall be repealed from and after July 1, 2031.

     SECTION 2.  This act shall take effect and be in force from and after its passage.