Mississippi Administrative Code

When establishing a file system, local municipalities should consider using two categories to set up their files: grant files and project files. The grant files should contain documentation and information that relate to the overall funding and administration of your project. The…

Funds provided under the MMSIGF Program are subject to audit and/or monitoring by the MDA, Office of the State Auditor, or other appropriate agency such as, Department of Environmental Quality, and/or Department of Health, etc. Notes 6 Miss. Code. R. 4-12.37 Miss. Code Ann. § 57-…

When establishing a file system, local sponsors should consider using two categories to set up their files, loan files, and project files. The loan files should contain documentation and information that relate to the overall funding and administration of your project. The projec…

Funds provided under the MMSIRLF Loan Program are subject to audit and/or monitoring by the MDA, Office of the State Auditor, or other appropriate agency such as, Department of Environmental Quality, and/or Department of Health, etc. HB 1729 Section 23, 2016 Regular Session. Note…

Municipalities with a population of less than fifteen thousand (15,000) according to the latest federal decennial census at the time the municipality submits an application to MDA. Notes 6 Miss. Code. R. 4-12.4 Miss. Code Ann. § 57-1-601 Adopted 6/4/2017 Amended 4/28/2023

Projects must be directly related to the implementation of a municipal determined and MDA approved Revitalization Zone. Notes 6 Miss. Code. R. 4-12.5 Miss. Code Ann. § 57-1-601 Adopted 6/4/2017 Amended 4/28/2023

An area in a municipality that is officially designated by ordinance or resolution of the governing authorities of the municipality as a Revitalization Zone and approved and certified by MDA as meeting the requirements of this section. Revitalization Zones may embrace two or more…

A. Economic Development Improvements - Projects that lead to growth of the state and local economy through private capital investment and new and improved job creation. (Specific companies to be identified.) B. Community Development Improvements - Projects that improve public inf…

The amounts will be determined by MDA based upon the funds available at each application period and based upon the amounts requested in each application. The grant may not exceed ninety percent (90%) of the total project cost. Notes 6 Miss. Code. R. 4-12.8 Miss. Code Ann. § 57-1-…

All grant recipients and benefitting businesses entering into contracts with the Mississippi Development Authority represents and warrants that it will ensure compliance with the Mississippi Employment Protection Act and will register and participate in the status verification sy…

A. The Mississippi Main Street Revitalization Grant Program Act (MMSRGP) administered by the Mississippi Development Authority (MDA), is designed for making grants available to selected Main Street Designated Community programs to finance projects that will develop land use strat…

Funds provided are subject to audit and/or monitoring by the MDA, Office of the State Auditor, or other appropriate agency. Notes 6 Miss. Code. R. 4-13.10 Senate Bill 2359, 2023 Regular Legislative Session Adopted 12/26/2023

Grantees must adhere to Mississippi state procedures and guidelines relating to the implementation and financing of the approved project. Grantees must also submit any and all audit and financial statements as required by the State of Mississippi. Notes 6 Miss. Code. R. 4-13.11 S…

MDA encourages the maximum opportunity for increased participation by minority and women-owned business enterprises in the procurement of goods and services. MDA's Minority Business Division and the Mississippi Procurement Technical Center can assist with minority and women-owned…

All funds awarded must be spent for improvements within the scope of the original project description as stated in the grant application. Grant funds are requested by using the MDA provided Request for Cash form. The Request for Cash form provides the necessary information about …

MDA requires all grant recipients to receive approval prior to making contract amendments, modifications, or extensions. Grant recipients must submit correspondence and documentation associated with the request, signed under the original signature of the chief elected official or…

Reporting requirements are subject to Mississippi law. Notes 6 Miss. Code. R. 4-13.15 Senate Bill 2359, 2023 Regular Legislative Session Adopted 12/26/2023

An Authorized Signatory Letter must be sent no later than with the first Request for Cash. The Authorized Signatory Letter will advise MDA of the authorized signatories for the project. Notes 6 Miss. Code. R. 4-13.16 Senate Bill 2359, 2023 Regular Legislative Session Adopted 12/2…

Once all funds have been disbursed or project activities are complete, the grantee should submit a completed close-out package to MDA. Close-out packages should be checked for accuracy prior to submission to MDA. Incorrect and/or incomplete close-out packages will be returned for…

Maintaining an efficient filing system is critical to the administration and monitoring of your project. A successful monitoring experience hinges on the quality with which the grantee maintains its filing system and the ease of obtaining information from those files. When establ…

These guidelines may be amended by MDA at any time. MDA, at its discretion, may temporarily waive any requirement of the guidelines to the extent that the result of such waiver is to promote the public purpose of the Act and is not prohibited by State Law. Program Contacts. With …

Eligible recipients include a Main Street Designated Community that is a good-standing member of the MMSA (Mississippi Main Street Association), has obtained Section 501(c)(3) tax-exempt status or Section 501(c)(6) tax-exempt status from the Internal Revenue Service and possesses…

The intent of the Act is to make grants available to selected Main Street Designated Community programs for projects that will lead to the revitalization of Mississippi's downtowns. Eligible costs for the expenditure of grant funds include the acquisition of land and any improvem…

The MMSA shall accept applications from eligible recipients, prioritize their applications and submit a list of suggested recipients to the Legislature no later than December of each year. The Legislature will review and determine the projects for which to award grants to the sel…

The Mississippi Development Authority will provide grant funds to the Main Street Designated Communities on a reimbursement basis, not to exceed Five Hundred Thousand Dollars ($500,000.00) per community each year. Grantees shall not receive compensation for their required twenty …

All grant recipients entering into grant agreements with the Mississippi Development Authority must represent and warrant that they will ensure compliance with the Mississippi Employment Protection Act and will register and participate in the E-Verify System, the federal employme…

Grant Agreements require repayment of funds by grantees if the grant was based upon fraudulent information provided by the applicant or the applicant fails to meet performance metric requirements as described in the grant agreement. Notes 6 Miss. Code. R. 4-13.7 Senate Bill 2359,…

Grants may be awarded for prospective purchases or for acquisitions of which the applicant has closed. In the latter case, the applicant shall demonstrate: A. The closing occurred no more than twelve (12) months prior to the date of application for the grant; and B. The subject p…

The application must be submitted by deadlines and procedures established by MMSA and include the following: A. The name, address, and contact information of the applicant and the benefiting entity, if different; B. A detailed description of the project and a narrative explaining…

The Mississippi Rural Impact Fund Program (RIF) administered by the Mississippi Development Authority (MDA) is designed to assist and promote businesses and economic development in rural areas by providing grants and loans to rural communities (Local Entities) and loan guarantees…

The program intent is to stimulate job creation and economic development in rural communities in the State. A grant amount of $250,000 or a loan amount of $350,000 will be the maximum for any rural community. A maximum of $350,000 will be allowed on 80% loan guarantees to rural b…

A Grant and/or Loan Agreement will be executed between the Rural Community/Business and MDA. The Agreement must be signed within one month of the grant award date. MDA will release Mississippi Rural Impact Program funds for services rendered, or on a reimbursement basis, for appr…

Funds provided under the Mississippi Rural Impact Program are subject to audit by the State Department of Audit. Additionally, MDA will also monitor all projects to ensure compliance with the original application submitted. MDA intends to use up to three percent (3%) of the Rural…

These guidelines may be amended by MDA at any time. MDA, in its discretion, may temporarily waive any requirement of the guidelines to the extent that the result of such waiver is to promote the public purpose of the Act and is not prohibited by State law. Notes 6 Miss. Code. R. …

A rural community must submit an application to the MDA. An eligible rural community and business are defined as follows: A. Rural Community: a municipality with a population of 10,000 or less, according to the most recent federal decennial census, at the time the application is …

Eligible projects financed with RIF must be publicly owned with the exception of loan guarantees to rural businesses. All contracts and purchases must be made in accordance with normal bid and purchase laws of a municipality or county. Eligible projects include, but are not limit…

Gaming and utility businesses. Notes 6 Miss. Code. R. 4-2.4 Miss. Code Ann. § 57-85-1 etseq. (Rev. 2008)

Eligible Projects must have a direct connection in creating jobs. RIF may be used for general expenditures in an amount not to exceed three percent (3%). (For example: $250,000 x .03 = $7,500). A limited amount of funds may be used for engineering, architectural, attorneys, consu…

The application that is submitted by a local entity must include: A. Purpose of the proposed grant and/or loan including a detailed list of the request; B. A Description of the proposed project; C. The estimated cost of the total project by major category (e.g. engineering, legal…

For Rural Business Loan Guarantees, the business must provide the following: A. Credit reports and personal income tax records on all investors with twenty percent (20%) or more investment in the company; B. A description of the collateral with the appraised value, acquisition pr…

Initially, any local unit of government seeking funding should set up a meeting or conference call with the RIF staff. At this meeting or conference call, the following information should be presented: A. Project description B. Preliminary budget Based on this meeting or conferen…

The process used for evaluating, selecting, and funding applications is based on the following: A. Eligibility B. Project readiness C. Company's financial condition One (1) original and one (1) copy of the application must be submitted to the Community Services Division of MDA, R…

The Local Governments Capital Improvements Revolving Loan Program ("CAP") administered by the Mississippi Development Authority ("MDA") is designed for making loans to counties or municipalities ("Applicant") to finance capital improvements in Mississippi. Applicants are encourag…

Funds provided under the CAP Loan Program are subject to audit by the MDA, Office of the State Auditor, Department of Environmental Quality and/or Department of Health. Notes 6 Miss. Code. R. 4-3.10 Miss. Code Ann § 57-1-301 et seq (Rev. 2014). Amended 2/6/2016 Amended 8/1/2021…

An Applicant which fails to meet repayment obligations shall cause all or part of its sales tax allocation and/or homestead exemption reimbursement to be withheld and may be subject to other penalties as set forth in Miss. Code Ann., Section 57-1-303(4) (Rev. 2014). The Applicant…

Applicants should be aware that interest begins accruing daily on the outstanding loan balance after the first request for cash is dispersed. Once the CAP activity is complete, the applicant will be responsible for the first month's payment and interest plus the total of accrued …

Invoices will be sent to communities with an active CAP loan status. Failure to submit timely payments will prohibit that community from other MDA assistance until the loan is no longer delinquent. In addition, the following procedures will take place: A. If a community is 60 day…