Thursday, March 13, 2014

Audit reviews for MDA bonds

JACKSON- The Mississippi Legislature passed unanimously a bill allowing the Auditor’s Office to conduct audits on state-funded economic development bond programs administered by the Mississippi Development Authority. HB 1318 allows audits of the programs that have had little or no oversight. Since 2009, hundreds of millions of dollars in incentives have been awarded by MDA. The legislation was headed for Gov. Phil Bryant’s signature. Source: Y’all Politics, 03/12/14.
(Central Mississippi note: Golden Triangle Development LINK is a tri-county economic development agency for East-Central Mississippi which began in Columbus and Lowndes County.)

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