History of Actions | Background | Title |
Description: Local Governments Capital Improvements Revolving Loan Program; revise interest rate and repayment period on loans (DECD).
| 1 | 01/08/98 | (H) | Referred To Ways and Means | |
| 2 | 01/28/98 | (H) | Title Suff Do Pass | |
| 3 | 02/06/98 | (H) | Passed | |
| 4 | 02/09/98 | (H) | Transmitted To Senate | |
| 5 | 02/13/98 | (S) | Referred To Finance | |
| 6 | 03/03/98 | (S) | Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | Yes |
House Committee:
Senate Committee:
Principal Author: Williams
Additional Author: Reynolds
Code Section: A 057-0001-0303
Title: AN ACT TO AMEND SECTION 57-1-303, MISSISSIPPI CODE OF 1972, TO REVISE THE INTEREST RATE ON LOANS MADE UNDER THE LOCAL GOVERNMENTS CAPITAL IMPROVEMENTS REVOLVING LOAN PROGRAM TO PROVIDE THAT THE INTEREST RATE ON SUCH LOANS SHALL NOT EXCEED ONE PERCENT LESS THAN THE FEDERAL RESERVE DISCOUNT RATE; TO DECREASE THE PERIOD OF TIME WITHIN WHICH LOANS MADE UNDER THE LOCAL GOVERNMENTS CAPITAL IMPROVEMENTS REVOLVING LOAN PROGRAM MUST BE REPAID; AND FOR RELATED PURPOSES.
End Of Document
1998/History/HB\HB0784.htm