Mississippi Administrative Code
Title 6 - Economic Development
Part 9 - Economic Development Division
Chapter 2 - Mississippi Site Development Grant - Select Sites Program
Rule 6-9-2.6 - Statutory Requirements

Universal Citation: MS Code of Rules 6-9-2.6
Current through September 24, 2024

State statute requires that Mississippi Site Development Grant Program funds be expended on site development projects associated with property that is publicly owned. Site Development Grant funds may be used for site due diligence activities on optioned property, but not for physical site development projects on optioned property. Optioned property is defined in statute as industrial property that is subject to a real estate option to purchase contract entered into between an eligible entity and a real estate owner. Such option must be for a minimum of three (3) years, and the option price shall not exceed the appraised fair market value of the real estate.

Site Development Grant funds may also be used for public infrastructure improvements directly serving industrial property that is publicly owned or optioned property.

Miss. Code Ann. § 57-1-701

Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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