Adopted

AMENDMENT NO 1 PROPOSED TO

Senate Bill No. 2846

BY: Senator(s) Sparks

     AMEND on line 110 by deleting the word "A" and insert the following in lieu thereof:

Subject to paragraph (c) of this subsection (2), a

FURTHER, AMEND on lines 128 and 129 by deleting the words "Ten Million Dollars ($10,000,000.00)" and inserting in lieu thereof "Five Million Dollars ($5,000,000.00)"

FURTHER, AMEND on line 135 by deleting the word "The" and inserting "Subject to paragraph (c) of this subsection (2), the"

FURTHER, AMEND on line 140 by deleting the word "Appropriate" and inserting "Subject to paragraph (c) of this subsection (2), appropriate"

FURTHER, AMEND to insert the following below line 144:

(c)  (i)  Every agreement made by a local government unit under this subsection (2) shall, prior to and as a condition precedent to its entry into force, be submitted to the Mississippi Development Authority, which shall determine:

1.  Whether the agreement is in proper form and compatible with the laws of this state; and

2.  Determine whether the agreement and the project described therein are appropriate for the issuance of an initial certificate of public convenience and necessity to the local government units authorizing the agreement.

If the Mississippi Development Authority determines that the agreement and project are appropriate, the Mississippi Development Authority shall issue an initial certificate of public convenience and necessity authorizing the agreement and project.

(ii)  The Mississippi Development Authority may require and prescribe the form of an application to accompany each agreement submitted by one or more local governing units pursuant to this subsection (2).  Any such application, if prescribed by the Mississippi Development Authority, may be submitted by any local governing unit, or jointly by multiple local governing units, if applicable, that will be a party to the associated agreement accompanying the application.

(iii)  Failure by the Mississippi Development Authority to disapprove an agreement submitted hereunder within sixty (60) days of its submission shall constitute approval thereof.