Bill Text | History of Actions | Background | Title |
Description: Emerging Crops Fund; authorize additional funding for the minority loan program.
Bill Text: [Introduced]
| 1 | 02/13 (S) Referred To Finance | |
| 2 | 02/21 (S) Died In Committee |
| Effective date | July 1, 2001 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
Senate Committee:
Principal Author: Minor
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 LOAN PROGRAM ESTABLISHED IN THE EMERGING CROPS FUND; TO REVISE THE DEFINITION OF MINORITY BUSINESS UNDER THE MINORITY LOAN PROGRAM WITHIN THE EMERGING CROPS FUND; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO DECLARE QUALIFIED ENTITIES ADMINISTERING SUCH LOAN PROGRAM IN DEFAULT UNDER CERTAIN CIRCUMSTANCES AND TO TAKE CERTAIN ACTIONS IN THE EVENT OF A DEFAULT; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO UTILIZE AN ADDITIONAL $1,000,000.00 FROM THE MINORITY LOAN PROGRAM FOR ITS MINORITY BUSINESS ENTERPRISE SURETY BOND GUARANTEE PROGRAM; TO AMEND SECTION 69-2-19, MISSISSIPPI CODE OF 1972, TO INCREASE THE AGGREGATE AMOUNT OF BONDS THAT MAY BE ISSUED FOR THE EMERGING CROPS FUND; AND FOR RELATED PURPOSES.
End Of Document
2001/html/History/SB/SB3149.htm