Mississippi Legislature

1997 Regular Session

House Bill 1831

[Introduced] [Passed House] [Sent to Governor]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Economic Development Highway Act; revise definition of high benefit project and increase amount of bonds issued under.

History of Actions:

102/20/97(H)Referred To Ways and Means
202/26/97(H)Title Suff Do Pass
302/26/97(H)Passed
402/27/97(H)Transmitted To Senate
503/03/97(S)Referred To Finance
603/17/97(S)Title Suff Do Pass As Amended
703/18/97(S)Amended
803/18/97(S)Passed As Amended
903/19/97(S)Returned For Concurrence
1003/20/97(H)Decline to Concur/Invite Conf
1103/21/97(H)Conferees Named Compretta,Endt,Moss
1203/26/97(S)Conferees Named Bryan,Smith,Jordan (24th)
1303/31/97(H)Conference Report Adopted
1403/31/97(S)Conference Report Adopted
1504/03/97(H)Enrolled Bill Signed
1604/04/97(S)Enrolled Bill Signed
1704/04/97Due From Governor 04/10/97
1804/10/97Approved by Governor

Background Information:

Effective dateJuly 1, 1997
DispositionLaw
DeadlineRevenue/Appropriation
RevenueYes
3/5ths vote requiredYes
Chapter number537

House Committee:

Senate Committee:

Principal Author: Endt

Additional Authors: Broomfield, Guice, Hamilton, Maples, Wells-Smith, Read, Peranich, Fredericks

Code Sections: A 065-0004-0005, A 065-0004-0025

Title: AN ACT TO AMEND SECTION 65-4-5, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "HIGH ECONOMIC BENEFIT PROJECT" UNDER THE ECONOMIC DEVELOPMENT HIGHWAY ACT TO INCLUDE NEW INVESTMENTS BY TWO PRIVATE COMPANIES UPON LAND THAT IS ADJACENT WHENEVER THE NEW INVESTMENTS OF BOTH COMPANIES ARE AT LEAST $60,000,000.00 IN THE AGGREGATE, AND SUCH NEW INVESTMENTS BY BOTH PRIVATE COMPANIES PROVIDE FOR THE EMPLOYMENT OF AT LEAST 500 EMPLOYEES IN THE AGGREGATE, AND TO INCLUDE ANY PROJECT WHICH WOULD BENEFIT FROM THE CONSTRUCTION OF BYPASSES THAT WILL AID IN ECONOMIC DEVELOPMENT AND WILL PROVIDE AN ALTERNATE ROUTE TO AVOID AN EXISTING ROUTE WHICH UNDERPASSES A RAILROAD AND WHICH WOULD AID AN EXISTING OR PROPOSED INDUSTRY; TO REVISE THE DEFINITION OF THE TERM "PRIVATE COMPANY" UNDER THE ECONOMIC DEVELOPMENT HIGHWAY ACT; TO AMEND SECTION 65-4-25, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF GENERAL OBLIGATION BONDS THAT MAY BE ISSUED UNDER THE ECONOMIC DEVELOPMENT HIGHWAY ACT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 04/11/97 at 08:44.



End Of Document

1997/History/HB\HB1831.htm