Senate bill allows MDA chief to be paid with private-sector funds
Published: April 5,2012
Tags: bills, community development, compensation, economic development, executive director, lawmakers, laws, legislation, legislative, legislators, Legislature, pay, private sector, public sector, salary, state agency, state government
JACKSON — The Senate has passed a bill to allow the director of the Mississippi Development Authority to be paid with money raised from private entities.
The bill does not cap the MDA director’s salary. If the salary exceeds 150 percent of the governor’s salary, only the portion below that amount would be paid with state money.
The MDA director is charged with bringing more jobs to the state.
Gov. Phil Bryant told The Associated Press he supports the bill and Mississippi must hire a top-tier MDA director to fight the unemployment rate. Bryant said that those qualified for MDA positions can typically earn far more in the private sector because of their business experience.
Bryant says he did not believe the private funds would cause a conflict of interest.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Source: Bryant has offered Glenn McCullough MDA job
- College Board names Glenn Boyce as higher education chief
- TRANSITION AT THE MDA — Is Mississippi better off than it was 3 years ago?
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- Deepwater Horizon Five Years Later — Restoring the Mississippi coast starts with a strong foundation
- PHIL HARDWICK: The third grade reading gate, book buddies and school principals
- Chancery Court’s interpretation of ‘public use’ will guide ruling on Westin money
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- THE SPIN CYCLE — Key results from Pew’s social media survey