Plain English Breakdown
The official source does not specify previous contribution limits or amounts, only new ones.
Extend Funding for Natchez, Inc.
This law extends the period during which the City of Natchez and Adams County can contribute funds to Natchez, Inc., a nonprofit organization focused on economic development, until July 1, 2030, and sets new contribution limits.
What This Bill Does
- Extends until July 1, 2030, the date when the city and county will stop being allowed to give money to Natchez, Inc.
- Sets a maximum annual contribution of $150,000 from the City of Natchez to Natchez, Inc.
- Sets a maximum annual contribution of $225,000 from Adams County to Natchez, Inc.
Who It Names or Affects
- The City of Natchez
- Adams County Board of Supervisors
- Natchez, Inc., a nonprofit organization
Terms To Know
- Repealer
- A clause in a law that sets the date when the law will no longer be valid.
Limits and Unknowns
- Does not specify how the funds will be used by Natchez, Inc.
- Does not provide details on why the contribution limits were changed or extended.