Mississippi Administrative Code
Title 6 - Economic Development
Part 1 - Financial Resources
Chapter 15 - Amended Port Revitalization Revolving Loan Program
Rule 6-1-15.5 - Local Sponsor Application

A. The purpose of the proposed loan including a list of eligible items and the cost of each;

B. The estimated cost of the total project, a description of the Local Sponsor's investment in the project, and all public or private sources of funding;

C. The time schedule for implementation and completion of the project, evidencing an expeditious completion of the project;

D. A statement of intention to operate the project for a time period equal to the term of the loan;

E. Certified proofs of publication of the Resolution of Intention of the Governing Authority to apply for Port Loan funds. (Examples of the Resolution, which must be published once a week for at least four (4) consecutive weeks in a newspaper having general circulation in the county, may be found as Exhibit A or B. Upon receiving the results of the publication of the Resolution of Intention, the Governing Authority will need to provide MDA with an executed Resolution of No Protest;

F. A statement that the specific improvements are necessary for the efficient and cost- effective operation of the port and/or the project, together with supporting financial and engineering documentation;

G. A statement of willingness to comply with nondiscrimination and equal employment opportunity requirements; and

H. Current employment levels at the project site and estimated increases, if any, as a result of financing the project.