Eligible Projects

Eligible Projects. Loans may be made to assist counties and municipalities in developing economic development projects that include a facility constructed after July 1, 2012, with a capital investment from private sources of not less than Fifty Million Dollars ($50,000,000.00). Energy Infrastructure is defined as, but not limited to: A. Electrical power network, including generation plants, electrical grid, substations, and local distribution; and B. Natural gas pipelines, storage and distribution terminals, as well as the local distribution network. C. Projects that are eligible for assistance must meet the below-listed criteria. i. Constructing, repairing or improving infrastructure related to a project, including, but not limited to, making a contribution in aid of construction to an energy- providing utility or cooperative for its constructing, repairing, improving and owning such infrastructure; and ii. Site preparation, related to a project on property owned by a county or municipality; and iii. Site preparation on property owned by the enterprise owning or operating a project. Miss. Code Ann. § 57-40-1 et. seq. (1972, as amended).