PEER; authorize to monitor certain contracts for economic development projects to ensure fair minority contract participation.

HB 1561 requires Mississippi's Joint Legislative Committee on Performance Evaluation and Expenditure Review (PEER) to monitor all economic development contracts funded by tax dollars. It specifically directs the committee to evaluate whether minority contractors have fair participation in the bid process, contract awards, and bonding requirements. The bill aims to ensure equitable access for minority businesses by examining potential barriers in how contracts are awarded and managed. This applies to all projects using state tax funds for economic development.