Mississippi Legislature

1998 Regular Session

Senate Bill 2771

[Introduced]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Local Governments Capital Improvements Revolving Loan Program; revise interest rate and repayment period on loans (DECD).

History of Actions:

101/19/98(S)Referred To Finance
202/03/98(S)Died In Committee

Background Information:

Effective datePassage
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredYes

Senate Committee:

Principal Author: Bryan

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.


Information pertaining to this measure was last updated on 02/03/98 at 19:55.



End Of Document

1998/History/SB\SB2771.htm