There is created in the State Treasury a special fund to be designated as the 'MDA Site Development Grant Program Fund,' which shall consist of funds made available by the Legislature in any manner and funds from any other source designated for deposit into the fund. Monies in the fund shall be used by the Mississippi Development Authority, upon appropriation by the Legislature, to make grants to assist eligible entities under the Mississippi Site Development Grant Program as provided in Section 57-1-701. Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, and any investment earnings or interest earned on amounts in the fund shall be deposited to the credit of the fund.Amended by Laws, 2021, ch. 472, HB 109,§ 10, eff. 4/19/2021.
Mississippi Legal Code