Read the full stored bill text
H. B. No. 1633 *HR43/R2264SG* ~ OFFICIAL ~ G1/2
26/HR43/R2264SG
PAGE 1 (BS\KP)
To: Ways and Means
MISSISSIPPI LEGISLATURE REGULAR SESSION 2026
By: Representative Lamar
HOUSE BILL NO. 1633
(As Sent to Governor)
AN ACT TO AMEND SECTION 57-1-701, MISSISSIPPI CODE OF 1972, 1
TO REVISE THE DEFINITIONS OF THE TERMS "ELIGIBLE EXPENDITURES" AND 2
"SITE DEVELOPMENT IMPROVEMENTS" FOR PURPOSES OF THE SITE 3
DEVELOPMENT GRANT PROGRAM; AND FOR RELATED PURPOSES. 4
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: 5
SECTION 1. Section 57-1-701, Mississippi Code of 1972, is 6
amended as follows: 7
57-1-701. (1) For the purposes of this section, the 8
following words and phrases shall have the meanings ascribed in 9
this subsection unless the context clearly indicates otherwise: 10
(a) "Eligible entity" means any (i) county, (ii) 11
municipality or (iii) public or private nonprofit local economic 12
development entity including, but not limited to, local 13
authorities, commissions, or other entities created by local and 14
private legislation or pursuant to Section 19-5-99. 15
(b) "Optioned property" means industrial property that 16
is subject to a real estate option to purchase contract entered 17
into between an eligible entity and a real estate owner, where 18
such option shall be for a minimum of three (3) years and the 19
H. B. No. 1633 *HR43/R2264SG* ~ OFFICIAL ~
26/HR43/R2264SG
PAGE 2 (BS\KP)
option price shall not exceed the appraised fair market value of 20
the real estate. 21
(c) "Eligible expenditures" means: 22
(i) Fees for architects, engineers, environmental 23
consultants, attorneys, and such other advisors, consultants and 24
agents that MDA determines are necessary to complete site due 25
diligence associated with site development improvements located on 26
or utility improvements serving industrial property that is 27
publicly owned or is optioned property; 28
(ii) Contributions toward site development 29
improvements, as approved by MDA, located on industrial property 30
that is publicly owned; 31
(iii) Contributions toward public infrastructure 32
improvements directly serving industrial property that is publicly 33
owned or is optioned property; * * * 34
(iv) Contributions toward acquisition of publicly 35
owned real property used for economic development purposes by an 36
eligible entity, where the acquisition price shall not exceed the 37
appraised fair market value of the property; 38
(v) Contributions toward the acquisition of 39
easements and rights-of-way directly serving industrial property 40
that is publicly owned or is optioned property; and/or 41
(vi) Contributions toward improvements to enhance 42
the delivery of electricity and gas to industrial property that is 43
publicly owned or is optioned property. 44
H. B. No. 1633 *HR43/R2264SG* ~ OFFICIAL ~
26/HR43/R2264SG
PAGE 3 (BS\KP)
(d) "MDA" means the Mississippi Development Authority. 45
(e) "Site development improvements" means site 46
clearing, grading, and environmental mitigation; improvements to 47
drainage systems; * * * sewer systems; transportation directly 48
affecting the site, including roads, bridges or rail; bulkheads; 49
taxiways and parking ramps; land reclamation; water supply 50
(storage, treatment and distribution); telecommunications systems, 51
including fiber optic; natural gas distribution systems; aesthetic 52
improvements; the dredging of channels and basins; or other 53
improvements as approved by MDA. 54
(2) (a) There is hereby created in the State Treasury a 55
special fund to be designated as the "Mississippi Site Development 56
Grant Fund," which shall consist of funds made available by the 57
Legislature in any manner and funds from any other source 58
designated for deposit into such fund. Unexpended amounts 59
remaining in the fund at the end of a fiscal year shall not lapse 60
into the State General Fund, and any investment earnings or 61
interest earned on amounts in the fund shall be deposited to the 62
credit of the fund. Monies in the fund shall be used to make 63
grants to assist eligible entities as provided in this section. 64
(b) Monies in the fund which are derived from proceeds 65
of bonds issued under Section 2 of Chapter 390, Laws of 2017, 66
Section 5 of Chapter 412, Laws of 2018, Section 1 of Chapter 421, 67
Laws of 2019, Section 4 of Chapter 492, Laws of 2020, Section 8 of 68
Chapter 480, Laws of 2021, or Section 1 of * * * Chapter 503, Laws 69
H. B. No. 1633 *HR43/R2264SG* ~ OFFICIAL ~
26/HR43/R2264SG
PAGE 4 (BS\KP)
of 2025, or provided by the Legislature, may be used to reimburse 70
reasonable actual and necessary costs incurred by MDA for the 71
administration of the various grant, loan and financial incentive 72
programs administered by MDA. An accounting of actual costs 73
incurred for which reimbursement is sought shall be maintained by 74
MDA. Reimbursement of reasonable actual and necessary costs shall 75
not exceed three percent (3%) of the proceeds of bonds issued or 76
the monies provided by the Legislature. Reimbursements under this 77
subsection shall satisfy any applicable federal tax law 78
requirements. 79
(3) (a) MDA shall establish a program to make grants to 80
eligible entities to match local or other funds associated with 81
improving the marketability of publicly owned industrial property 82
for industrial economic development purposes and other property 83
improvements as approved by MDA. An eligible entity may apply to 84
MDA for a grant under this program in the manner provided for in 85
this section. An eligible entity desiring assistance under this 86
section must provide matching funds in an amount determined by 87
MDA. Matching funds may be provided in the form of cash and/or 88
in-kind services as determined by MDA. 89
(b) An eligible entity desiring assistance under this 90
section must submit an application to MDA. The application must 91
include: 92
(i) A description of the eligible expenditures for 93
which assistance is requested; 94
H. B. No. 1633 *HR43/R2264SG* ~ OFFICIAL ~
26/HR43/R2264SG
PAGE 5 (BS\KP)
ST: Site Development Grant Program; revise
certain definitions.
(ii) The amount of assistance requested; 95
(iii) The amount and type of matching funds to be 96
provided by the eligible entity; and 97
(iv) Any other information required by MDA. 98
(c) Upon request by MDA, an eligible entity shall 99
provide MDA with access to all studies, reports, documents and/or 100
plans developed as a result of or related to an eligible entity 101
receiving assistance under this section. 102
(4) MDA shall have all powers necessary to implement and 103
administer the program established under this section, and the 104
department shall promulgate rules and regulations, in accordance 105
with the Mississippi Administrative Procedures Law, necessary for 106
the implementation of this section. 107
(5) MDA shall file an annual report with the Governor, the 108
Secretary of the Senate and the Clerk of the House of 109
Representatives not later than December 1 of each year, describing 110
all assistance provided under this section. 111
SECTION 2. This act shall take effect and be in force from 112
and after July 1, 2026. 113