6 Miss. Code. R. 1-21.6 - General Grant Terms

A. The program intent is to stimulate growth and economic development through port infrastructure in the State.

B. The amount of each grant awarded will be based on the applicant's ability to participate in the project, the degree of need for the improvements, the lack of availability of other funding sources, the timeframe required to perform the improvements, the economic impact of the project on the community, and other criteria MDA develops.

C. Each application will be evaluated on its own merit to meet the intent of the program.

D. Each applicant must certify that they will perform standard maintenance for a minimum of three years after the project is completed.

E. A minimum of 10% of the total project cost is required as match on all grant awards.

F. Failure to comply with Grant terms may result in repayment of grant funds.

G. The terms of a grant shall be within the discretion of the MDA.

Notes

6 Miss. Code. R. 1-21.6

Miss. Code Ann. § 57-1-731.

Adopted 6/24/2022