Ineligible Costs

Ineligible Costs. A. Mississippi Main Street Investment Grant Fund (MMSIGF) Program funds cannot be used for administrative costs, legal or appraisal fees. Program funds may not be used for working capital, gaming enterprises, or for general expenditures which would normally be covered under a local municipality’s general operating budget. Funds must be used only for the activities identified in the application and approved in the grant agreement. B. The Applicant may not utilize MMSIGF proceeds to make a loan or grant to any private entity, public entity, or individual(s). An applicant may allow another organization, entity or individual to implement the grant activity on their behalf, but the grant applicant will remain the responsible party for all program requirements. The applicant may not use the funds to retire any debts, except for current construction type loans directly related to the project.