Mississippi Legislature
2004 3rd Extraordinary Session

House Bill 9

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Bill Text

History of Actions

Background

Title

Description: Economic development; issue bonds for certain projects and funds; revise under Major Economic Impact Act.

Bill Text: [Introduced]

History of Actions:

1 11/19 (H) Referred To Ways and Means
2 11/22 (H) Died In Committee

Background Information:

Effective datePassage
DispositionDead
DeadlineNone
RevenueNo
Vote type requiredThree/Fifths

House Committee:

Principal Author: Denny

Additional Authors: Akins, Baker (74th), Baker (8th), Barnett, Beckett, Bentz, Bondurant, Capps, Carlton, Chism, Davis, Ellington, Fillingane, Formby, Frierson, Gregory, Guice, Gunn, Hamilton (109th), Hamilton (6th), Howell, Ishee, Janus, Jennings, Lott, Martinson, Masterson, Mims, Moore, Nicholson, Patterson, Read, Reed, Snowden, Staples

Code Sections: A 057-0001-0018, A 069-0046-0007, A 057-0061-0025, A 057-0061-0036, A 057-0075-0005, A 057-0075-0011, A 057-0075-0015, A 057-0075-0017, A 069-0002-0013, A 069-0002-0019

Title: AN ACT TO AUTHORIZE THE ISSUANCE OF $40,000,000.00 STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR CAPITAL IMPROVEMENTS AT THE STATE-OWNED SHIPYARD LOCATED IN JACKSON COUNTY, MISSISSIPPI; TO PROVIDE THAT THE ISSUANCE OF SUCH BONDS SHALL BE CONDITIONED ON THE LESSEE INCURRING A CERTAIN AMOUNT OF DEBT FOR CAPITAL IMPROVEMENTS, CAPITAL INVESTMENTS OR CAPITAL UPGRADES TO SHIPYARDS IN MISSISSIPPI OWNED OR LEASED BY SUCH LESSEE; TO AUTHORIZE THE ISSUANCE OF GENERAL OBLIGATION BONDS OF THE STATE OF MISSISSIPPI FOR THE PURPOSE OF PROVIDING FUNDS TO AID IN THE CONSTRUCTION, FURNISHING, EQUIPPING AND OPERATING OF THE UNIVERSITY MEDICAL CENTER CANCER INSTITUTE; TO AUTHORIZE THE ISSUANCE OF GENERAL OBLIGATION BONDS OF THE STATE OF MISSISSIPPI FOR THE PURPOSE OF PROVIDING FUNDS TO PURCHASE EQUIPMENT FOR THE UNIVERSITY MEDICAL CENTER; TO AUTHORIZE THE ISSUANCE OF GENERAL OBLIGATION BONDS OF THE STATE OF MISSISSIPPI FOR THE PURPOSE OF PROVIDING FUNDS FOR RENOVATION AND UPGRADES OF SYSTEMS AT THE LOCKHEED MARTIN LABORATORY AT THE STENNIS SPACE CENTER; TO AUTHORIZE THE ISSUANCE OF $5,000,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE MISSISSIPPI RURAL IMPACT FUND; TO AUTHORIZE THE ISSUANCE OF $5,000,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE SMALL MUNICIPALITIES AND LIMITED POPULATION COUNTIES FUND; TO AMEND SECTION 57-1-18, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A PORTION OF THE PROCEEDS OF CERTAIN BONDS MAY BE UTILIZED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY TO REIMBURSE CERTAIN COSTS RELATED TO THE ADMINISTRATION OF THE FUND AND TO LIMIT THE AMOUNT OF GRANTS ISSUED TO A MUNICIPALITY OR COUNTY DURING ANY GRANT PERIOD TO $250,000.00; TO AUTHORIZE THE ISSUANCE OF GENERAL OBLIGATION BONDS OF THE STATE OF MISSISSIPPI IN THE AMOUNT OF $3,000,000.00 FOR THE PURPOSE OF PROVIDING FUNDS FOR THE MISSISSIPPI LAND, WATER AND TIMBER RESOURCES FUND; TO AMEND SECTION 69-46-7, MISSISSIPPI CODE OF 1972, TO AUTHORIZE A CERTAIN AMOUNT OF MONEY IN THE FUND TO BE UTILIZED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY, THE DEPARTMENT OF AGRICULTURE AND COMMERCE AND THE DEPARTMENT OF AUDIT TO DEFRAY COSTS INCURRED IN ASSISTING IN THE ADMINISTRATION OF THE MISSISSIPPI LAND, WATER AND TIMBER RESOURCES ACT; TO AMEND SECTION 57-61-25, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $290,000,000.00 TO $292,000,000.00 THE AMOUNT OF GENERAL OBLIGATION BONDS THAT MAY BE ISSUED UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT; TO AMEND SECTION 57-61-36, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $8,500,000.00 TO $10,500,000.00 THE AMOUNT OF BOND PROCEEDS THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY UTILIZE UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT TO MAKE GRANTS OR LOANS TO COUNTIES AND MUNICIPALITIES THROUGH AN EQUIPMENT AND PUBLIC FACILITIES GRANT AND LOAN FUND TO AID IN INFRASTRUCTURE-RELATED IMPROVEMENTS, THE PURCHASE OF EQUIPMENT AND IN THE PURCHASE, CONSTRUCTION OR REPAIR AND RENOVATION OF PUBLIC FACILITIES; TO AMEND SECTION 57-75-5, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "PROJECT" UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT; TO AMEND SECTION 57-75-11, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE MISSISSIPPI MAJOR ECONOMIC IMPACT AUTHORITY TO PROVIDE GRANT OR LOAN FUNDS TO PUBLIC AGENCIES OR ENTERPRISES OWNING OR OPERATING CERTAIN PROJECTS AND TO GIVE THE AUTHORITY CERTAIN POWERS WITH REGARD TO SUCH GRANTS OR LOANS; TO AMEND SECTION 57-75-15, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE ISSUANCE OF ADDITIONAL STATE GENERAL OBLIGATION BONDS FOR CERTAIN PROJECTS UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT; TO AMEND SECTION 57-75-17, MISSISSIPPI CODE OF 1972, TO GRANT PUBLIC ENTITIES CERTAIN POWERS WITH REGARD TO BORROWING MONEY FROM THE AUTHORITY IN CONNECTION WITH CERTAIN PROJECTS; TO AMEND SECTION 69-2-13, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT THAT MAY BE DRAWN FROM THE EMERGING CROPS FUND FOR FINANCING MINORITY ECONOMIC DEVELOPMENT FROM $25,000,000.00 TO $26,000,000.00; TO AMEND SECTION 69-2-19, MISSISSIPPI CODE OF 1972, TO INCREASE THE AGGREGATE AMOUNT OF STATE GENERAL OBLIGATION BONDS THAT MAY BE ISSUED FOR THE EMERGING CROPS FUND FROM $104,000,000.00 TO $105,000,000.00; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 11/22/04 at 18:32.

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