Mississippi Legislature
2001 Regular Session

House Bill 1352

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Bill Text

History of Actions

Amendments

Background

Title

Description: Emerging Crops Fund; increase amount of bonds for and increase funds used for minority economic development and surety bond program.

Bill Text: [Introduced] [Passed House] [Sent to Governor]

History of Actions:

1 01/15 (H) Referred To Ways and Means
2 01/24 (H) Title Suff Do Pass
3 01/29 (H) Passed
4 01/30 (H) Transmitted To Senate
5 02/06 (S) Referred To Finance
6 02/13 (S) Title Suff Do Pass As Amended
7 03/09 (S) Amended
8 03/09 (S) Passed As Amended
9 03/12 (S) Returned For Concurrence
10 03/13 (H) Decline to Concur/Invite Conf
11 03/14 (H) Conferees Named Morris,Eaton,Fredericks
12 03/21 (S) Conferees Named Minor,Mettetal,Nunnelee
13 03/24 (H) Conference Report Filed
14 03/24 (S) Conference Report Filed
15 03/25 (H) Conference Report Adopted
16 03/26 (S) Conference Report Adopted
17 03/27 (H) Enrolled Bill Signed
18 03/28 (S) Enrolled Bill Signed
19 04/07 Approved by Governor

Amendments/Conference Report:

Adopted [S] Amendment No 1

Conference Report

Background Information:

Effective dateJanuary 1, 2001
DispositionLaw
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths
Chapter number540

House Committee:

Senate Committee:

Principal Author: Morris

Code Sections: A 069-0002-0013, A 069-0002-0019

Title: AN ACT TO AMEND SECTION 69-2-13, MISSISSIPPI CODE OF 1972, TO PLACE THE ADMINISTRATION OF ALL PROGRAMS IN THE EMERGING CROPS FUND UNDER THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO DRAW AN ADDITIONAL $5,000,000.00 FROM THE EMERGING CROPS FUND FOR THE MINORITY ECONOMIC DEVELOPMENT LOAN PROGRAM ESTABLISHED IN THE EMERGING CROPS FUND; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO DECLARE PLANNING AND DEVELOPMENT DISTRICTS AND QUALIFIED ENTITIES ADMINISTERING SUCH LOAN PROGRAMS IN DEFAULT UNDER CERTAIN CIRCUMSTANCES AND TO TAKE CERTAIN ACTIONS IN THE EVENT OF A DEFAULT; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO USE AN ADDITIONAL $1,000,000.00 FROM THE MINORITY ECONOMIC DEVELOPMENT LOAN PROGRAM FOR ITS MINORITY BUSINESS ENTERPRISE SURETY BOND GUARANTEE PROGRAM; TO PROVIDE THAT IF FEDERAL FUNDS ARE NOT AVAILABLE FOR COMMITMENTS MADE BY A PLANNING AND DEVELOPMENT DISTRICT TO PROVIDE ASSISTANCE UNDER ANY FEDERAL LOAN PROGRAM ADMINISTERED BY THE PLANNING AND DEVELOPMENT DISTRICT IN COORDINATION WITH THE APPALACHIAN REGIONAL COMMISSION OR ECONOMIC DEVELOPMENT ADMINISTRATION, OR BOTH, A PLANNING AND DEVELOPMENT DISTRICT MAY USE UNCOMMITTED FUNDS IN ITS MINORITY ECONOMIC DEVELOPMENT LOAN REVOLVING FUND FOR THE PURPOSE OF PROVIDING TEMPORARY FUNDING FOR SUCH COMMITMENTS; TO PROVIDE THAT IF A PLANNING AND DEVELOPMENT DISTRICT USES SUCH UNCOMMITTED FUNDS TO PROVIDE SUCH TEMPORARY FUNDING, THE DISTRICT SHALL USE FUNDS REPAID TO THE DISTRICT UNDER THE TEMPORARILY FUNDED FEDERAL LOAN PROGRAM TO REPLENISH THE FUNDS USED TO PROVIDE THE TEMPORARY FUNDING; TO LIMIT THE NUMBER OF TIMES A PLANNING AND DEVELOPMENT DISTRICT MAY USE UNCOMMITTED FUNDS IN ITS LOAN REVOLVING FUND TO PROVIDE SUCH TEMPORARY FUNDING AND THE AMOUNT OF SUCH FUNDS THAT MAY BE USED FOR SUCH PURPOSES DURING A CALENDAR YEAR; TO AMEND SECTION 69-2-19, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $97,000,000.00 TO $102,000,000.00, THE AGGREGATE 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 04/12/01 at 00:01.

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