History of Actions | Background | Title |
Description: Emerging Crops Fund; utilized to provide interest-free loan to tourism and film enterprises.
| 1 | 02/25/97 | (S) | Referred To Economic Dev, Tourism and Parks;Finance | |
| 2 | 02/26/97 | (S) | Died In Committee |
| Effective date | July 1, 1997 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
Senate Committees:
Principal Author: Horhn
Additional Authors: Hall, Simmons
Code Sections: A 069-0002-0013, A 069-0002-0019
Title: AN ACT TO AMEND SECTION 69-2-13, MISSISSIPPI CODE OF 1972, TO REQUIRE THE MISSISSIPPI BUSINESS FINANCE CORPORATION TO ESTABLISH A LOAN PROGRAM FOR CERTAIN TOURISM ENTERPRISES AND FILM ENTERPRISES; TO PROVIDE THAT MONIES FOR SUCH LOAN PROGRAM SHALL BE DRAWN FROM THE EMERGING CROPS PROGRAM AND SHALL NOT EXCEED $8,000,000.00 IN THE AGGREGATE; TO PROVIDE THAT THE AMOUNT OF A LOAN TO ANY SINGLE TOURISM ENTERPRISE OR FILM ENTERPRISE SHALL NOT EXCEED $200,000.00; TO PROVIDE THAT NO INTEREST SHALL BE CHARGED ON LOANS MADE UNDER SUCH PROGRAM; TO AMEND SECTION 69-2-19, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF BONDS THAT MAY BE ISSUED FOR THE EMERGING CROPS FUND; AND FOR RELATED PURPOSES.
End Of Document
1997/History/SB\SB3209.htm