Section 57-123-11 - Program to provide funds to Mississippi Main Street Association; purpose(1) The Department of Finance and Administration shall establish a program for the purpose of providing funds to Mississippi Main Street Association as provided in this section. Monies disbursed by the Department of Finance and Administration under this section shall be disbursed in compliance with all requirements and/or conditions on funds appropriated from the Coronavirus State Fiscal Recovery Fund for the program established under this section. (a) For the first round of grants, the Department of Finance and Administration shall disburse funds under this section to Mississippi Main Street Association to be used for the purpose of making revitalization grants to Mississippi communities as follows: 2020 population | Number of communities | Grant amount | Total grants |
More than 25,000 | 8 | $125,000.00 | $1,000,000.00 |
Not more than 25,000 | 40 | $100,000.00 | $4,000,000.00 |
Total | $5,000,000.00 |
(b) For the second round of grants, the Department of Finance and Administration shall disburse funds under this section to Mississippi Main Street Association to be used for the purpose of making revitalization grants to Mississippi communities as follows: 2020 Population | Number of Communities | Grant Amount | Total Grants |
More than 25,000 | 8 | $68,000.00 | $544,000.00 |
Not more than 25,000 | 40 | $61,400.00 | $2,456,000.00 |
Total | $3,000,000.00 |
(2) The Department of Finance and Administration shall have all powers necessary for the implementation of this section.Amended by Laws, 2023, ch. 469, SB 2444,§ 3, eff. 4/14/2023.Added by Laws, 2022, ch. 399, HB 453,§ 4, eff. 7/1/2022.