Mississippi Legislature

1998 Regular Session

Senate Bill 3134

[Introduced]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Emerging Crops Fund; utilized to provide interest-free loan to tourism and film enterprises.

History of Actions:

101/19/98(S)Referred To Economic Dev, Tourism and Parks;Finance
202/03/98(S)Died In Committee

Background Information:

Effective dateJuly 1, 1998
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredYes

Senate Committees:

Principal Author: Horhn

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.


Information pertaining to this measure was last updated on 02/03/98 at 19:56.



End Of Document

1998/History/SB\SB3134.htm