Mississippi Legislature

1997 Regular Session

Senate Bill 3190

[Introduced]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Agribusiness; create MS Agribusiness Commercialization Fund to promote value-added agribusinesses.

History of Actions:

102/20/97(S)Referred To Agriculture;Finance
202/24/97(S)DR - TSDP: AG To FI
302/26/97(S)Died In Committee

Background Information:

Effective dateJuly 1, 1997
DispositionDead
DeadlineRevenue/Appropriation
RevenueYes
3/5ths vote requiredYes
Suspension measureSC 580

Senate Committees:

Principal Author: Thames

Title: AN ACT TO ESTABLISH THE AGRICULTURAL COMMERCIALIZATION PROGRAM TO BE ADMINISTERED BY THE DEPARTMENT OF AGRICULTURE AND COMMERCE FOR THE PURPOSE OF PROMOTING THE DEVELOPMENT AND EXPANSION OF VALUE-ADDED AGRIBUSINESSES IN THIS STATE; TO CREATE THE AGRIBUSINESS COMMERCIALIZATION FUND; TO PROVIDE THAT MONIES IN SUCH FUND SHALL BE USED TO MAKE GRANTS TO, AND COOPERATIVE AGREEMENTS WITH, MISSISSIPPI AGRIBUSINESSES THAT SHOW A REASONABLE POTENTIAL FOR RAPID AND SUBSTANTIAL GROWTH AND THAT WILL ADD VALUE TO AGRICULTURAL PRODUCTS; TO PROVIDE THAT GRANTS AND COOPERATIVE AGREEMENTS SHALL DESIGNATE THAT MONIES RECEIVED BY MISSISSIPPI AGRIBUSINESS FROM SUCH FUND ARE REPAYABLE TO THE FUND; TO CREATE THE AGRIBUSINESS COMMERCIALIZATION BOARD TO BE THE ENTITY RESPONSIBLE FOR GRANT AND COOPERATIVE AGREEMENT DECISIONS INVOLVING MONIES IN THE FUND; TO GRANT THE DEPARTMENT OF AGRICULTURE AND COMMERCE CERTAIN ADDITIONAL POWERS AND DUTIES TO ADMINISTER THIS ACT; TO PROVIDE THAT THE STATE AUDITOR SHALL CONDUCT CERTAIN AUDITS; TO PROVIDE FOR THE ISSUANCE OF $5,000,000.00 IN GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE AGRIBUSINESS COMMERCIALIZATION FUND; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/24/97 at 17:06.



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1997/History/SB\SB3190.htm