Mississippi HB740 authorizes the Joint Legislative Committee on Performance Evaluation and Expenditure Review to monitor economic development.
Mississippi HB740 amends Section 5-3-57 of the Mississippi Code to authorize the Joint Legislative Committee on Performance Evaluation and Expenditure Review to evaluate and monitor all contracts for economic development projects funded with tax dollars. The monitoring aims to ensure fair and equitable participation of minority contractors. The committee has the authority to investigate and audit agencies, review budgets, and examine financial records. The act takes effect from July 1, 2026.
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