Title 21, Municipalities

(1) The assessment upon benefited real property pursuant to Sections 21-43-101 through 21-43-133 shall be imposed as established in the district plan. (2) The governing authorities of the municipality shall annually certify to the tax collector, or other officer charged with the …

The proceeds of any assessment imposed pursuant to an approved district plan shall be disbursed by the tax collector to the designated district management group on an agreed to scheduled basis. A business improvement district may operate on the calendar year or on the same fiscal…

If the governing authority decides to change the boundaries of the proposed area, the hearing shall be continued to a time not less than fifteen (15) days after such decision and notice shall be given as provided in Section 21-43-9 stating the boundary amendments, but no resoluti…

The initial authorization for any business improvement district shall be for ten (10) years. During the last twelve (12) months of the tenth year of the authorization, a new district plan must be developed which meets all of the initial requirements of the district plan plus reau…

(1) Any district established or extended pursuant to the provisions in Sections 21-43-101 through 21-43-133, which has satisfied all indebtedness incurred to accomplish any of the purposes of the district, may be dissolved by the governing authority of the municipality upon:(a) W…

(a) If the governing authority, following the hearing, decides to establish the proposed area, it shall adopt an ordinance to that effect. This ordinance shall contain the following information:(a) the number, date and title of the resolution of intention pursuant to which it was…

For purposes of the additional tax to be imposed pursuant to this chapter, the governing authority may make a reasonable classification of businesses, giving consideration to various factors. Businesses recently established in the area may be exempted from the tax imposed pursuan…

(1) The collection of the tax imposed pursuant to this chapter shall be made at the same time and in the same manner as any other business privilege license tax. (2) Changes may be made in the additional rate or levy or in the uses to which the additional revenue shall be put as …

The governing authority of any municipality may disestablish an area by ordinance after a hearing before such authority, and such authority shall adopt a resolution of intention to disestablish the area not less than fifteen (15) days prior to the hearing required by this section…

Whenever an area has been disestablished, any remainder of taxes or acquired assets shall be subject to disposition as the advisory board shall determine.

“Parking and business improvement area” or “area” as used in this chapter shall mean an area designated as provided in this chapter. “Business” as used in this chapter shall mean all types of business, including professions.

The governing authority of any participating municipality shall appoint an advisory board consisting of five (5) members who shall serve at the pleasure of the appointing authority; such board members shall be professional businessmen within the affected area; and such board shal…

(a) A parking and business improvement area may be established whenever the governing authority of any municipality shall by resolution establish such an area. The resolution shall contain the following information:(a) description of the boundaries of the proposed area;(b) the ti…

(a) Notice of the hearing shall be given by:(a) One (1) publication of the resolution of intention in a newspaper of general circulation in the municipality, which may be made as provided in Section 21-17-19;(b) Mailing a complete copy of the resolution of intention to each busin…

This chapter may be cited as the “Tax Increment Financing Act.”

(a) Any tax increment financing plan, at a minimum, shall contain:(a) A statement of the objectives of a municipality with regard to the plan;(b) A statement indicating the need and proposed use of the tax increment financing plan in relationship to the redevelopment plan;(c) A s…

(a) The principal, interest and premium, if any, on any tax increment bond shall be secured by a pledge of the revenues payable to the municipality pursuant to the tax increment financing plan and may also be secured, in the discretion of the municipality, by a lien on all or any…

The proceeds from the sale of any bonds issued under authority of this chapter shall be applied only for the purpose for which the bonds were issued; provided, however, that any premium and accrued interest received in any such sale shall be applied to the payment of the principa…

The bonds authorized by this chapter and the income therefrom and all security agreements and mortgages executed as security therefor made pursuant to the provisions hereof, and the revenues derived therefrom, shall be exempt from all income taxation in the state.

The cost of a redevelopment project shall be deemed to include the actual cost of the construction or rehabilitation of any part of a project which may be constructed or rehabilitated by a municipality, including architects’ and engineers’ fees, the purchase price of any real pro…

(1) After adoption of a redevelopment plan containing a tax increment financing plan the clerk shall certify the assessed value of the real property, including personal property located thereon, described in the tax increment financing plan. Property taxable at the time of the ce…

(1) As an alternative financing mechanism for redevelopment projects, a municipality authorized to undertake a redevelopment project and issue tax increment bonds or refunding bonds under this chapter may, at its option, enter into a taxpayer agreement with the owner or developer…

(a) For the purposes of this chapter, the following terms shall have the meanings given them in this section unless a different meaning is clearly indicated by the context:(a) “Project area” includes:(i) Areas in which there is a significant amount of buildings or improvements wh…

This chapter shall be construed as cumulative authority to other existing laws relating to the powers of municipalities to undertake and carry out slum clearance and redevelopment work. Any municipality engaged in slum clearance or redevelopment work through a redevelopment proje…

Any redevelopment project may contain a provision that municipal and county ad valorem taxes, if any, levied upon taxable property in a redevelopment project or municipal sales taxes collected within the area, or both, shall be divided according to a tax increment financing plan.

Any governing body may issue tax increment bonds, the final maturity of which shall not extend beyond thirty (30) years, for the purpose of financing all or a portion of the cost of a redevelopment project within the boundaries of the municipality, funding any reserve which the g…

The Delta Natural Gas District of Humphreys and Sunflower Counties having acquired certain funds from the operation of its systems is hereby authorized, in its discretion, to use surplus funds for further development of the district and to distribute a portion thereof to the City…

The Delta Natural Gas District shall devote all monies, derived from any source other than the issuance of bonds for purposes authorized by the laws of the State of Mississippi, to or for the payment of all operating expenses, including such items as are normally required of util…

(a) The district shall be authorized to convey the assets of the district to any suitable public utility qualified to operate same, authorized for such service by the State of Mississippi, and regulated by the regulatory agencies of the State of Mississippi. The sale price shall …

(a) For the purposes of this chapter, the following words and phrases shall have the meanings ascribed herein unless the context clearly requires otherwise:(a) “Corporation” means the Mississippi Home Corporation.(b) “Grant fund” means the Property Cleanup Revolving Fund created …

(1) There is established in the State Treasury a fund to be known as the “Property Cleanup Revolving Fund,” which shall be administered by the corporation. The grant fund shall be funded from any funds appropriated or otherwise made available by the Legislature in any manner and …

(1) In a municipality with a population in excess of one hundred forty-five thousand (145,000), according to the 2020 United States Census, the Urban Renewal Authority and the Parking Authority with oversight of the Jackson Redevelopment Authority (JRA) are authorized to apply fo…

Municipalities are hereby authorized to apply for a grant and to enter into agreements and to take such actions necessary to obtain such grants under the provisions of this chapter.