HB1: Project Atlas Fund; create.

Legislative Summary

An Act To Create The Project Atlas Fund As A Special Fund In The State Treasury For The Purpose Of Providing Grants Or Loans To Fund Certain Data Processing Facility Projects, As Defined In Section 57-75-5(f)(xxxiii), Mississippi Code Of 1972; To Provide That Monies Appropriated Out Of The Fund May Be Used To Reimburse Actual Oversight Costs And Engineering Expenses Incurred By The Mississippi Development Authority Up To A Certain Amount; To Require The Mississippi Development Authority To File A Report On The Fund To Certain Public Officials; To Direct The State Treasurer, In Conjunction With The State Fiscal Officer, To Transfer Funds Out Of The Capital Expense Fund To The Project Atlas Fund Created In This Act; And For Related Purposes.