6 Miss. Code. R. 4-4.6 - Key Points

A. Mississippi Development Infrastructure Program funds may not be used for working capital, gaming enterprises, general expenditures, which would normally be covered under a local sponsor's general operation budget, or for administrative expenses.

B. A limited amount of funds may be used for engineering/architectural cost. The amount of these professional services will limited to an amount not to exceed 10% of the DIP grant or loan award amount.

C. As such, all funds awarded must be spent for improvements within the scope of the original project description as stated in the grant or loan application.

E. Additionally, if the recipients complete their project for less than the amount awarded, the excess funds can be requested for additional project work as long as there is no change from the scope of the original project

F. No approved applicant shall be allowed to use excess funds to pay for the project costs that vary from the original project description.

G. All requested changes and variances from the original application should be made in writing and will be reviewed by MDA on a case by case basis.

Notes

6 Miss. Code. R. 4-4.6

Miss. Code Ann. § 57-61-36 (Rev. 2014).

Amended 10/20/2016 Amended 7/26/2017