History of Actions | Background | Title |
Description: Major Economic Impact Act; increase amount of bonds that may be issued for projects related to certain military installations.
| 1 | 02/24/98 | (H) | Referred To Ways and Means | |
| 2 | 02/25/98 | (H) | Died In Committee |
| Effective date | July 1, 1998 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Williams
Code Sections: A 057-0075-0005, A 057-0075-0015
Title: AN ACT TO AMEND SECTION 57-75-5, MISSISSIPPI CODE OF 1972, TO REVISE THE MEANING OF THE TERM "PROJECT" UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT TO REMOVE THE PROVISION THAT PROJECTS BEGUN AFTER A CERTAIN DATE RELATED TO CERTAIN MILITARY INSTALLATIONS IN RESPONSE TO THE DEFENSE BASE CLOSURE AND REALIGNMENT ACT OF 1990 ARE NOT ELIGIBLE TO RECEIVE FUNDING UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT; TO AMEND SECTION 57-75-15, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF BONDS THAT MAY BE ISSUED UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT TO FUND PROJECTS RELATED TO CERTAIN MILITARY INSTALLATIONS; TO REMOVE THE LIMIT ON THE AMOUNT OF BONDS THAT MAY BE ISSUED FOR PROJECTS RELATED TO ANY SINGLE MILITARY INSTALLATION; TO REQUIRE THAT BEFORE SUCH ADDITIONAL BONDS MAY BE ISSUED, THE JOINT LEGISLATIVE BUDGET COMMITTEE AND THE GOVERNOR MUST FIND THAT THE ISSUANCE OF SUCH BONDS WILL IMPROVE, EXPAND OR ENHANCE A MILITARY INSTALLATION, ITS SUPPORT AREAS OR MILITARY OPERATIONS, OR WILL PROVIDE EMPLOYMENT OPPORTUNITIES TO REPLACE THOSE LOST BY CLOSURE OR REDUCTIONS IN OPERATIONS AT THE MILITARY INSTALLATION; TO REMOVE THE PROHIBITION AGAINST THE ISSUANCE OF BONDS AFTER A CERTAIN DATE FOR PROJECTS RELATED TO CERTAIN MILITARY INSTALLATIONS; AND FOR RELATED PURPOSES.
End Of Document
1998/History/HB\HB1814.htm