Bill Text | History of Actions | Amendments | Background | Title |
Description: Mississippi Business Investment Act; increase amount of bonds authorized for and revise use of bond proceeds.
Bill Text: [Introduced] [Passed House] [Sent to Governor]
| 1 | 01/15 (H) Referred To Ways and Means | |
| 2 | 02/20 (H) Title Suff Do Pass | |
| 3 | 02/25 (H) Amended | |
| 4 | 02/25 (H) Passed As Amended | |
| 5 | 02/27 (H) Transmitted To Senate | |
| 6 | 02/27 (S) Referred To Finance | |
| 7 | 03/11 (S) Title Suff Do Pass As Amended | |
| 8 | 03/12 (S) Amended | |
| 9 | 03/12 (S) Passed As Amended | |
| 10 | 03/14 (S) Returned For Concurrence | |
| 11 | 03/18 (H) Decline to Concur/Invite Conf | |
| 12 | 03/21 (S) Conferees Named Minor,Nunnelee,Tollison | |
| 13 | 03/24 (H) Conferees Named Morris,Smith (39th),Smith (27th) | |
| 14 | 03/29 (H) Conference Report Filed | |
| 15 | 03/29 (S) Conference Report Filed | |
| 16 | 03/30 (H) Conference Report Adopted | |
| 17 | 03/30 (S) Conference Report Adopted | |
| 18 | 04/01 (S) Enrolled Bill Signed | |
| 19 | 04/01 (H) Enrolled Bill Signed | |
| 20 | 04/15 Approved by Governor |
| Adopted | [H] | Amendment No 1 |
| Adopted | [S] | Amendment No 1 |
| Effective date | Passage | |
| Disposition | Law | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths | |
| Chapter number | 502 |
House Committee:
Senate Committee:
Principal Author: McCoy
Additional Authors: Morris, Smith (39th), Scott (80th)
Code Sections: A 057-0061-0025, A 057-0061-0034, A 057-0061-0036, A 057-0061-0041, A 057-0061-0015
Title: AN ACT TO AMEND SECTION 57-61-25, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $280,000,000.00 TO $290,000,000.00, THE AGGREGATE AMOUNT OF BONDS THAT MAY BE ISSUED UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT; TO AMEND SECTION 57-61-34, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $7,000,000.00 TO $9,000,000.00, THE AMOUNT OF BOND PROCEEDS THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY MAKE AVAILABLE UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT AS INTEREST BEARING LOANS TO AID IN THE ESTABLISHMENT OF BUSINESS INCUBATION CENTERS AND THE CREATION OF NEW AND EXPANDING TECHNOLOGY-BASED BUSINESS AND INDUSTRY; TO AMEND SECTION 57-61-36, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $10,500,000.00 TO $12,500,000.00, THE AMOUNT OF BOND PROCEEDS THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY USE UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT FOR THE PURPOSE OF MAKING GRANTS TO COUNTIES AND MUNICIPALITIES UNDER THE DEVELOPMENT INFRASTRUCTURE GRANT PROGRAM; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO USE NOT MORE THAN $100,000.00 OF THE BOND PROCEEDS UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT FOR THE PURPOSE OF DEVELOPING A LONG-RANGE PLAN FOR COORDINATING THE RESOURCES OF THE STATE INSTITUTIONS OF HIGHER LEARNING, THE COMMUNITY AND JUNIOR COLLEGES, THE MISSISSIPPI DEVELOPMENT AUTHORITY AND OTHER STATE AGENCIES IN ORDER TO PROMOTE ECONOMIC DEVELOPMENT IN THE STATE; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO USE NOT MORE THAN $150,000.00 OF THE BOND PROCEEDS UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT FOR THE PURPOSE OF PROVIDING ASSISTANCE TO MUNICIPALITIES THAT HAVE RECEIVED COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS FOR REPAIR, RENOVATION AND OTHER IMPROVEMENTS TO BUILDINGS FOR USE AS COMMUNITY CENTERS; TO PROVIDE THAT SUCH ASSISTANCE PROVIDED TO A MUNICIPALITY SHALL BE USED BY THE MUNICIPALITY TO MATCH SUCH COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS; TO AMEND SECTION 57-61-41, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $8,000,000.00 TO $12,000,000.00, THE AMOUNT OF BOND PROCEEDS THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY USE UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT FOR THE PURPOSE OF PROVIDING LOANS TO STATE, COUNTY AND MUNICIPAL PORT AUTHORITIES AND AIRPORT AUTHORITIES THROUGH THE PORT REVITALIZATION REVOLVING LOAN FUND; TO REFLECT THE CHANGE OF THE NAME OF THE MISSISSIPPI DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT TO THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO AMEND SECTION 57-61-15, MISSISSIPPI CODE OF 1972, TO EXTEND THE REVERTER ON THE PROVISION THAT REQUIRES THAT A MINIMUM OF FIFTEEN PERCENT CERTAIN BOND PROCEEDS UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT BE ALLOCATED TO SMALL COMMUNITIES; TO REFLECT THE CHANGE OF THE NAME OF THE MISSISSIPPI DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT TO THE MISSISSIPPI DEVELOPMENT AUTHORITY; AND FOR RELATED PURPOSES.
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