History of Actions | Background | Title |
Description: Magnolia Venture Capital Act; repeal on July 1, 1998, and prohibit the use of funds to finance certain businesses.
| 1 | 01/20/97 | (S) | Referred To Economic Dev, Tourism and Parks | |
| 2 | 02/04/97 | (S) | Title Suff Do Pass Comm Sub | |
| 3 | 02/13/97 | (S) | Committee Substitute Adopted | |
| 4 | 02/13/97 | (S) | Amended | |
| 5 | 02/13/97 | (S) | Passed As Amended | |
| 6 | 02/13/97 | (S) | Transmitted To House | |
| 7 | 02/17/97 | (H) | Referred To Ways and Means | |
| 8 | 03/04/97 | (H) | Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | No |
Senate Committee:
House Committee:
Principal Author: Horhn
Code Section: A 057-0077-0011
Title: AN ACT TO CREATE A NEW CODE SECTION TO BE CODIFIED AS SECTION 57-77-41, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR THE REPEAL OF THE VENTURE CAPITAL ACT OF 1994 FROM AND AFTER JULY 1, 1998; TO AMEND SECTION 57-77-11, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT NO FUNDS IN THE MAGNOLIA VENTURE CAPITAL FUND MAY BE USED TO PROVIDE FINANCING FOR ANY BUSINESS IN WHICH A DIRECTOR OR AN EMPLOYEE OF THE MAGNOLIA CAPITAL CORPORATION OR THE MAGNOLIA VENTURE CAPITAL CORPORATION HAS A DIRECT OR INDIRECT INTEREST; AND FOR RELATED PURPOSES.
End Of Document
1997/History/SB\SB3011.htm