Mississippi legislation · 2026 Regular Session
Mississippi HB1393: Mississippi Energy Infrastructure Fund; create.
Status: Signed into law, April 8, 2026
AN ACT TO CREATE THE MISSISSIPPI ENERGY INFRASTRUCTURE FUND; TO DEFINE TERMS; TO PROVIDE FOR USES OF THE FUNDS; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO MAKE GRANTS, LOANS OR PROVIDE ANY OTHER FINANCIAL ASSISTANCE; TO REQUIRE ANY LOCAL ENTITY DESIRING A GRANT, LOAN OR OTHER FINANCIAL ASSISTANCE TO SUBMIT AN APPLICATION; TO PRESCRIBE APPLICATION REQUIREMENTS; TO REQUIRE THE AUTHORITY TO DETERMINE WHETHER THE PROJECT MEETS THE DEFINITION OF AN APPROVED PROJECT AND WHETHER TO PROVIDE THE ASSISTANCE REQUESTED IN THE FORM OF A GRANT, LOAN OR OTHER FINANCIAL ASSISTANCE; TO GRANT THE MISSISSIPPI DEVELOPMENT AUTHORITY SOLE DISCRETION IN PROVIDING GRANTS, LOANS OR PROVIDING OTHER FINANCIAL ASSISTANCE; TO PROHIBIT AN ELECTRIC UTILITY PROVIDER FROM BEING CONSIDERED ELIGIBLE TO BE A DIRECT RECIPIENT OF FUNDING; TO REQUIRE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO PROMULGATE RULES AND REGULATIONS; TO PROVIDE THAT THIS ACT SHALL BE REPEALED ON JULY 1, 2029; AND FOR RELATED PURPOSES.
What the bill says
An act to create the mississippi energy infrastructure fund; to define terms; to provide for uses of the funds; to authorize the mississippi development authority to make grants, loans or provide any other financial assistance; to require any local entity desiring a grant, loan or other financial assistance to submit an application; to prescribe application requirements; to require the authority to determine whether the project meets the definition of an approved project and whether to provide the assistance requested in the form of a grant, loan or other financial assistance…
From the enrolled text, April 2, 2026:
AN ACT TO CREATE THE MISSISSIPPI ENERGY INFRASTRUCTURE FUND; TO DEFINE TERMS; TO PROVIDE FOR USES OF THE FUNDS; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO MAKE GRANTS, LOANS OR PROVIDE ANY OTHER FINANCIAL ASSISTANCE; TO REQUIRE ANY LOCAL ENTITY DESIRING A GRANT, LOAN OR OTHER FINANCIAL ASSISTANCE TO SUBMIT AN APPLICATION; TO PRESCRIBE APPLICATION REQUIREMENTS; TO REQUIRE THE AUTHORITY TO DETERMINE WHETHER THE PROJECT MEETS THE DEFINITION OF AN APPROVED PROJECT AND WHETHER TO PROVIDE THE ASSISTANCE REQUESTED IN THE FORM OF A GRANT, LOAN OR OTHER FINANCIAL ASSISTANCE; TO GRANT THE MISSISSIPPI DEVELOPMENT AUTHORITY SOLE DISCRETION IN PROVIDING GRANTS, LOANS OR PROVIDING OTHER FINANCIAL ASSISTANCE; TO PROHIBIT AN ELECTRIC UTILITY PROVIDER FROM BEING CONSIDERED ELIGIBLE TO BE A DIRECT RECIPIENT OF FUNDING; TO REQUIRE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO PROMULGATE RULES AND REGULATIONS; TO PROVIDE THAT THIS ACT SHALL BE REPEALED ON JULY 1, 2029; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. (1) As used in this section, the following terms have the meanings ascribed herein unless the context clearly requires otherwise: (a) "Approved project" means any project that: (i) Locates or expands in this state with significant regional impact as determined by the authority; or (ii) Will improve the marketability of potential economic development sites or facilitates …