Mississippi Administrative Code
Title 6 - Economic Development
Part 1 - Financial Resources
Chapter 21 - Mississippi Ports Improvements Fund Grant Program
Rule 6-1-21.3 - Eligible Projects
Current through September 24, 2024
Projects which are eligible for assistance must be directly related to the port facility and are limited to repair, rehabilitation, construction, reconstruction, upgrading and improvement of existing facilities.
A. PORTS Program grant funds may not be used for working capital, for general expenditures, which would normally be covered under an applicant's general operation budget, nor to provide facilities for utilization by a gambling vessel.
B. A limited amount of funds may be used for engineering/architectural cost. The amount of these professional services will be limited to an amount not to exceed 10% of the PORTS grant award amount.
C. All funds awarded must be spent for improvements within the scope of the original project description as stated in the grant application.
D. Additionally, if grant recipients complete their project for less than the grant amount awarded, the excess funds can be requested for additional project work as long as there is no change from the scope of the original project.
E. In no case, however, will an approved applicant be allowed to use excess grant funds to pay for project costs that vary from the original project description.
F. All requested changes and variances from the original application should be made in writing and will be reviewed by MDA on a case-by-case basis.
Miss. Code Ann. § 57-1-731.
