Mississippi Administrative Code
Title 6 - Economic Development
Part 9 - Economic Development Division
Chapter 2 - Mississippi Site Development Grant - Select Sites Program
Rule 6-9-2.15 - Disbursement

Grant funds will be disbursed on a reimbursement basis on a drawdown schedule agreed upon by MDA. The final 10% of Select Sites grant funds will be disbursed after a final report is submitted, accepted, and approved by MDA. Applicants must submit a final report to MDA within 90 days of the project's completion date. Projects not completed within twenty-four (24) months of the execution of a grant agreement must show evidence of progress as determined by MDA's Business Incentives Division in order to receive grant funds. Grants approved for projects not completed within twenty-four (24) months and demonstrating no tangible progress may be deobligated.

Miss. Code Ann. § 57-1-701