6 Miss. Code. R. 11-3.1 - Program Objective
A. The Mississippi
Gulf Coast Restoration Fund (GCRF) Loan Program administered by the Mississippi
Development Authority (MDA) is designed for making loans to finance projects to
promote economic growth in the Gulf Coast region as defined in the federal
RESTORE Act, or twenty-five (25) miles from the northern boundaries of the
three (3) coastal counties of Harrison, Hancock, and Jackson, but not to expand
beyond the boundaries of Hancock, Harrison, Jackson, Pearl River, Stone, and
George counties. If a county is included in the coastal zone, then the county
seat and the land lying to the east, west, and south within that county would
be considered a part of the coastal zone.
B. The Mississippi Gulf Coast Restoration
Fund Loan Program is authorized under Miss. Code Ann. §
57-119-1, et seq.
(the "Act"). Funding for loans for eligible applicants is derived from
appropriations or funds otherwise made available by the State
Legislature.
Notes
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