HB269

Mississippi HB269 proposes a grant program for businesses to expand cellular and broadband access in rural areas, funded by state bonds.

Mississippi HB269 establishes a grant program for businesses to assist in providing and expanding cellular and broadband access and coverage in rural counties and municipalities. The Mississippi Development Authority will administer the program, making grants up to 25% of project costs. The bill authorizes the issuance of up to $15,000,000 in state general obligation bonds to fund the "Rural Counties and Municipalities Cellular and Broadband Fund." The bonds will be exempt from state taxation and will mature no later than July 1, 2030.