Title 57, Planning, Research and Development

(1) The Board of Trustees of State Institutions of Higher Learning is hereby directed to develop plans for the creation of an Institute of High Energy Physics. Upon notification to the authority by the Department of Energy that the state has been selected as the site of the proje…

(1) Upon notification to the authority by the Department of Energy that the state has been finally selected as the site for the project, the State Bond Commission shall have the power and is hereby authorized and directed, upon receipt of a declaration from the Governor as herein…

For the purpose of aiding in the planning, design, undertaking and carrying out of the project or any facility related to the project, or any educational, cultural, housing or recreational facility or enhancement offered to secure the siting of the project in the state, any publi…

(1) Upon notification to the authority by the United States Department of Energy that the state has been finally selected as the site for the project, then the authority shall have the power and is hereby authorized, from time to time, pursuant to contracts entered into under Sec…

The authority may issue refunding bonds for the purpose of paying any of its bonds at or prior to maturity or upon acceleration or redemption. Refunding bonds may be issued at such time prior to the maturity or redemption of the refunded bonds as the authority deems to be in the …

(a) All bonds (other than state bonds, refunding bonds, interim notes and certificates of indebtedness, which may be validated) issued pursuant to Sections 57-67-19 through 57-67-31 shall be validated as provided in Sections 31-13-1 through 31-13-11, Mississippi Code of 1972; pro…

Bonds issued pursuant to Sections 57-67-19 through 57-67-31 shall not be deemed to constitute a debt, liability or obligation of the contracting public agency or political subdivisions, within the meaning of any constitutional or statutory limitation, nor shall such bonds constit…

The authority may, in any authorizing resolution, trust indenture or other security instrument relating to its bonds, provide for the appointment of a trustee who shall have such powers as are provided therein to represent the registered owners of any issue of bonds in the enforc…

(a) The authority shall have power in connection with the issuance of bonds other that state bonds issued pursuant to this chapter to:(a) Covenant as to the use of any or all of its property, real or personal.(b) Redeem the bonds, to covenant for their redemption and to provide t…

(a) The Legislature hereby finds and declares that:(a) There exists in the State of Mississippi a continuing need for gainful employment for the citizens of this state.(b) To help provide employment opportunities, a division within the Office of the Governor should be created wit…

The state hereby covenants with the registered owners of bonds of the authority issued pursuant to this chapter, that so long as the bonds are outstanding and unpaid the state will not materially limit or materially alter the rights and powers of the authority under this chapter …

Any bonds or state bonds issued under the provisions of this chapter, a transaction relating to the sale or securing of such bonds, their transfer and the income therefrom shall at all times be free from taxation by the state or any local unit or political subdivision or other in…

All bonds or state bonds issued pursuant to this chapter shall be legal investments for trustees, other fiduciaries, savings banks, trust companies and insurance companies organized under the laws of the State of Mississippi; and such bonds shall be legal securities which may be …

(1) (a) The authority shall expend not less than fifteen percent (15%) of the total amounts expended by the authority on planning, construction, training, research, development, testing, evaluation, personal services, procurement, and for the operation and maintenance of any faci…

The provisions of this chapter are cumulative of other statutes now or hereafter enacted relating to the authority, and the authority may exercise all presently held powers in the furtherance of this chapter. If any section, paragraph, sentence, clause, phrase or any part of the …

(a) Words and phrases used in this chapter shall have meanings as follows, unless the context clearly indicates a different meaning:(a) “Act” means the Mississippi Superconducting Super Collider Act as originally enacted or as hereafter amended.(b) “Authority” means the Mississip…

(1) There is created within the Office of the Governor a division to be known as the “Mississippi Superconducting Super Collider Authority” for the performance of essential public functions. The Governor shall appoint, with the advice and consent of the Senate, an executive direc…

(1) The authority is hereby designated and empowered to act on behalf of the state in submitting a siting proposal for the project. If the authority is not operational as of the date of the proposal, the Governor is authorized to submit the proposal. The authority is empowered to…

This chapter shall be known and may be cited as the “Mississippi Minority Business Enterprise Act.”

(a) Unless the context requires otherwise, the following words shall have the following meanings for the purposes of this chapter:(a) “Class of contract basis” means an entire group of contracts having a common characteristic.(b) “Commercially useful function” means being respons…

(1) There is hereby created the Office of Minority Business Enterprises of the Mississippi Development Authority under the Mississippi Development Authority. The Executive Director of the Mississippi Development Authority shall appoint an executive director for the office. The ex…

(1) The Executive Director of the Mississippi Development Authority shall certify minority business enterprises that qualify as such. The director shall establish criteria by which minority business enterprises may qualify for certification. (2) The Executive Director of the Miss…

Each state agency and educational institution shall report the participation of minority business enterprises in the public works and procurement contracts executed by the agency or institution. The reports shall be made on a an annual basis.

This act shall be known and may be cited as the Mississippi Small Enterprise Development Finance Act.

(1) No loan made under the provisions of this act shall be in an amount exceeding Four Million Dollars ($4,000,000.00) principal. (2) The maximum loan term shall not exceed twenty (20) years. (3) All loans made pursuant to this act shall be guaranteed by a letter of credit in a f…

The Mississippi Business Finance Corporation shall promulgate lending guidelines, rules and regulations as may be necessary to carry out the provisions of this act. The Mississippi Business Finance Corporation may work closely with the planning and development districts in identi…

The Certified Development Company of Mississippi, Inc., is hereby authorized to engage legal services, financial advisors, appraisers and consultants if needed to review and close loans made pursuant to this act. The costs of such professionals shall be paid by the borrower or fr…

In the event of a default, the Certified Development Company shall call upon the letter of credit guaranteeing the principal amount of the loan plus interest due. Failure to comply with lending criteria shall result in a penalty which the company may establish by regulation, and …

No loan shall be made to a private company under this act unless the private company certifies to the Certified Development Company of Mississippi, Inc., in a form satisfactory to the company, that it will not discriminate against any employee or against any applicant for employm…

(1) There is hereby created a special fund in the State Treasury to be known as the Mississippi Small Enterprise Development Finance Fund out of which the Certified Development Company of Mississippi, Inc., shall provide loans authorized by this act. All monies received by the co…

(1) All bonds issued under the authority of this act shall be redeemed at maturity, together with all interest due, from time to time, on the bonds, and these principal and interest payments shall be paid from the Mississippi Small Enterprise Development Finance Sinking Fund. All…

(1) The seller is authorized to borrow, on the credit of the state, upon receipt of a resolution from the company requesting the same, money not exceeding the aggregate sum of Ninety Million Dollars ($90,000,000.00), outstanding at any one time, not including money borrowed to re…

(1) Whenever bonds are issued, they shall be offered for sale at not less than par value and accrued interest and shall be sold by the seller at public or private sale, from time to time, in such manner and at such price as may be determined by the seller to be most advantageous.…

(1) Pending the issuance of bonds of the state as authorized under this act, the seller is hereby authorized in accordance with the provisions of this act and on the credit of the state, to make temporary borrowings not to exceed two (2) years in anticipation of the issue of bond…

It is the purpose of this act to promote business and economic development in the State of Mississippi through job producing programs and by providing loans to the Certified Development Company of Mississippi, Inc., as defined in this act; to assist in securing investment in smal…

(1) The proceeds realized from the sale of bonds and notes under this act, other than refunding bonds and replacement notes, shall be paid to the State Treasurer and deposited into the Mississippi Small Enterprise Development Finance Fund or funds and specifically dedicated to th…

Except as otherwise authorized in Section 7-5-39, the Attorney General of the State of Mississippi shall represent the seller in issuing, selling and validating bonds or notes herein provided for, and the seller is hereby authorized and empowered to expend from the proceeds deriv…

The term “this act” referred to in Sections 57-71-1 through 57-71-33 hereof shall mean the Mississippi Small Enterprise Development Finance Act unless the context clearly indicates otherwise.

(a) The following words and phrases when used in this act shall have the meaning given to them in this section unless the context clearly indicates otherwise:(a) “MBFC” or “company” means the Mississippi Business Finance Corporation.(b) “Private company” means any agricultural, a…

There is hereby established, under the direction of the Certified Development Company of Mississippi, Inc., a program to be known as the Mississippi Small Enterprise Development Finance Program for the purpose of making loans to qualified private companies in order to provide fin…

Any private company desiring to borrow from the program shall make application to the company. The company shall define and publish criteria for eligibility for the program and timetable for review. All loan applications shall identify a qualified financial institution which will…

[In cases involving business enterprises that received or applied for the job tax credit authorized by this section prior to January 1, 2005, this section shall read as follows:] (1) Annually by December 31, using the most current data available from the University Research Cente…

(1) A fifty percent (50%) income tax credit shall be granted to any employer providing dependent care for employees during the employee’s work hours, and to any employer who provides a child care stipend of at least Two Thousand Dollars ($2,000.00) per child for direct payments m…

The State Tax Commission is authorized to promulgate reasonable rules and regulations necessary to accomplish its duties under Chapter 524, Laws, 1989.

The Department of Economic Development is authorized to promulgate reasonable rules and regulations necessary to accomplish its duties under Chapter 524, Laws, 1989.

This chapter shall be known and may be cited as the “Mississippi Major Economic Impact Act.”