Posts Tagged ‘fund’

City borrowing from gas fund to meet obligations

by Associated Press Published: January 7,2013

Tags: appropriation, borrow, budget, city, emergency, energy, finaces, fund, government, loan, municipal, municipality, natural gas, property, tax

OLIVE BRANCH — Olive Branch officials will borrow $1 million from the city’s natural gas fund to meet financial obligations. Mayor Sam Rikard tells the Commercial Appeal the funds would be repaid with interest once property tax collections come in. It’s not uncommon for cities to take out tax anticipation loans. Officials may borrow from […] [...]

Communities in race with deadline to spend Katrina money

VICKSBURG — Warren County and Vicksburg want to decide before the end of 2012 on how to spend a remaining $1.75 million in Hurricane Katrina recovery money. The Vicksburg Post reports the money runs out in 2013. The county got $3.8 million in 2008 to clean drainage ditches inside Vicksburg. Warren County was among 49 […] [...]

Port to get improvements costing nearly $2M

by Associated Press Published: December 17,2012

Tags: construction, contract, contractor, enhancement, fund, funding, improvement, maritime, navigation, port, traffic, transportation, travel

PASCAGOULA — The Jackson County Port Authority has set aside $1.8 million for surfacing and drainage improvements at the Port of Pascagoula. The Sun Herald reports the authority is awarding the money to Talley Contracting under a contract for improvements to the port’s south terminal. The project calls for expanding the port’s storage and cargo […] [...]

Feds joining lawsuit against ex-nursing home operator

by Associated Press Published: December 11,2012

Tags: abuse, assisted living, bench, COST, court, crime, criminal, elderly, fund, investigate, investigators, judge, lawsuit, nursing home

LUMBERTON  — Federal officials are joining a whistleblower lawsuit claiming a former south Mississippi nursing home operator withheld care to pad profits. The suit, originally filed by Academy Health Center, accuses the former operator of a Lumberton nursing home of claiming money from Medicare and Medicaid for services that he didn’t provide or for services […] [...]

New York-based fund buys salt dome complex

by MBJ Staff Published: December 5,2012

Tags: acquisition, buy, energy, fuel, fund, gas storage, infrastructure, merger, natural gas, pipeline, power, purchase, sale, salt cavern, sell, storage

SMITH COUNTY — Macquarie Infrastructure Partners II (MIP II), a North American infrastructure fund headquartered in New York, completed the acquisition of Leaf River Energy Center LLC from NGS Energy, LP. Terms of the transaction were not disclosed. Leaf River is an underground salt cavern facility located in Smith County. The Leaf River complex currently […] [...]

Leaders call $5B revenue estimate ‘conservative’

by Associated Press Published: November 13,2012

Tags: appropriation, budget, fund, funding, government, Politics, revenue, spending, state, tax, tax collection

JACKSON — Gov. Phil Bryant and top lawmakers say they’ve set a conservative estimate that the state can spend about $5 billion in the coming year. Bryant met yesterday with the Joint Legislative Budget Committee. They agreed on a 1.4 percent increase in the revenue estimate for the current year, which ends June 30. The […] [...]

State plans to demand refund from Handy Hardware

Handy Hardware, a Texas-based hardware store cooperative, plans to close its two-year-old Meridian warehouse on Dec. 31, laying off 109 workers. The Mississippi Business Journal earlier reported the facility was closing after receiving a release from the Office of Mayor in Meridian. Mississippi Development Authority spokesman Dan Turner said the state contributed a $3.6 million […] [...]

New nursing endowment fund established to promote profession

by MBJ Staff Published: November 6,2012

Tags: charity, endow, endowment, fund, health, health care, nonprofit, nurse, nursing

JACKSON — The Community Foundation of Greater Jackson (CFGJ) has just established the Mississippi Nurses Foundation (MNF) Endowment Fund. The board and staff of MNF will use this fund to provide long-range support for this nonprofit foundation’s ongoing programs and services. The Mississippi Nurses Foundation’s mission is to raise, accept and disperse charitable donations to […] [...]

Southern Miss’ athletic department runs up $1.2M-plus deficit

by Associated Press Published: October 8,2012

Tags: athlete, athletics, budget, education, fund, funding, higher education, money, sports, university

HATTIESBURG — The University of Southern Mississippi’s athletic department owes the university more than $1.2 million for deficits it ran in three of the past four fiscal years, and the department predicts a shortfall of at least $1 million for 2012-13. But interim Southern Miss president Aubrey Lucas tells the Hattiesburg American measures taken by […] [...]

Math and science school looking for private donors

COLUMBUS — As Mississippi School for Mathematics and Science celebrates its 25th year, it’s also facing a common problem among schools — escalating costs, a decrease in state appropriations and an ever-increasing need for public support. In recent years, they’ve come to rely more heavily upon the financial backing of the MSMS Foundation and private […] [...]

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