Rule 6-4-4.23 - Award ProcessA. Upon being awarded a DIP grant, a binding contract is executed between the Mississippi Development Authority and the grant recipient for the specific amount awarded, job commitment, and for the particular activity being improved with DIP funds. B. Construction may not begin and jobs may not be counted prior to an effective grant award date. Any expenses incurred before the effective date of the grant agreement will not be reimbursed by MDA. Any jobs created prior to the effective date of the grant agreement may not be counted towards job creation.C. All funded projects are required to enter the construction phase within 12 months of the award date. Where construction has not begun within 12 months, the grant recipient must satisfactorily demonstrate why the project should be kept open or the award may automatically be voided.Miss. Code Ann. § 57-61-36 (Rev. 2014)