Bill Text | History of Actions | Background | Title |
Description: Mississippi Development Bank; authorize state and its agencies to borrow from to provide funds for loan programs.
Bill Text: [Introduced]
| 1 | 03/26 (S) Referred To Finance | |
| 2 | 03/31 (S) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
Senate Committee:
Principal Author: Robertson
Code Sections: A 031-0025-0028, A 031-0025-0027, A 049-0017-0085, A 049-0017-0086, A 057-0001-0303, A 069-0002-0013
Title: AN ACT TO AMEND SECTION 31-25-28, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE STATE OF MISSISSIPPI OR ANY AGENCY THEREOF TO BORROW MONEY FROM THE MISSISSIPPI DEVELOPMENT BANK FOR THE PURPOSE OF PROVIDING FUNDS FOR LOAN PROGRAMS ADMINISTERED BY SUCH AN AGENCY; TO PROVIDE THAT AN AGENCY BORROWING MONEY FROM THE MISSISSIPPI DEVELOPMENT BANK FOR THE PURPOSE OF PROVIDING FUNDS FOR SUCH A LOAN PROGRAM MAY PLEDGE FUNDS RECEIVED BY THE AGENCY AS LOAN REPAYMENTS UNDER SUCH A LOAN PROGRAM TO REPAY ANY LOAN MADE BY THE MISSISSIPPI DEVELOPMENT BANK TO THE AGENCY; TO EXEMPT LOANS MADE BY THE MISSISSIPPI DEVELOPMENT BANK UNDER THIS ACT FROM CERTAIN CRITERIA REQUIRED FOR OTHER LOANS MADE BY THE BANK TO THE STATE OF MISSISSIPPI OR AGENCIES THEREOF; TO AMEND SECTIONS 31-25-27, 49-17-85, 49-17-86, 57-1-303 and 69-2-13, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.
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2004/html/History/SB/SB3176.htm