However, if the initial investments that a private company made in order to meet the definition of a high economic benefit project under this paragraph (c)(i) and in order to be approved for such project exceeded Fifty Million Dollars ($50,000,000.00), or if subsequent to being approved for the initial project the same company and/or one or more other private companies made additional capital investments exceeding Fifty Million Dollars ($50,000,000.00) in aggregate value in land, buildings, depreciable fixed assets and improvements physically attached to or forming a part of the initially planned site development, then an amount equal to fifty percent (50%) of all such investments that exceeds Fifty Million Dollars ($50,000,000.00) shall be subtracted from the Sixty Million Dollars ($60,000,000.00) in aggregate value of new investments required under this paragraph (c)(vii);
Structure Mississippi Code
Title 65 - Highways, Bridges and Ferries
Chapter 4 - Economic Development Highway Act
§ 65-4-9. Review and approval of application
§ 65-4-21. Payment into fund; warrant
§ 65-4-23. Conflict of interests
§ 65-4-25. Resolution to issue general obligation bonds for Economic Development Highway Fund
§ 65-4-27. Payment of principal and interest on bonds
§ 65-4-29. Terms of bonds; option to redeem; issuance and sale
§ 65-4-35. Execution of bonds and interest coupons
§ 65-4-39. Authority to request and issue warrants to pay principal and interest when due