Mississippi Legislature
2005 5th Extraordinary Session

Senate Bill 2003

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Bill Text

History of Actions

Amendments

Background

Title

Description: Disaster relief; establish the Hurricane Katrina Disaster Small Business Bridge Loan Program.

Bill Text: [Introduced] [Passed Senate]

History of Actions:

1 09/27 (S) Referred To Finance
2 09/28 (S) Title Suff Do Pass
3 09/28 (S) Amended
4 09/28 (S) Passed As Amended
5 09/28 (S) Immediate Release
6 09/28 (S) Transmitted To House
7 09/28 (H) Referred To Ways and Means
8 09/29 (H) Title Suff Do Pass As Amended
9 09/30 (H) Amended
10 09/30 (H) Passed As Amended
11 09/30 (H) Immediate Release
12 09/30 (H) Returned For Concurrence
13 10/03 (S) Decline to Concur/Invite Conf
14 10/04 (S) Conferees Named Robertson,Doxey,Clarke
15 10/04 (H) Conferees Named Watson,Compretta,Reeves
16 10/07 (S) Died In Conference

Amendments:

Adopted [S] Amendment No 1
Adopted [H] Committee Amendment No 1
   
[H] Amendment Report for Senate Bill No. 2003

Background Information:

Effective datePassage
DispositionDead
DeadlineNone
RevenueNo
Vote type requiredThree/Fifths

Senate Committee:

House Committee:

Principal Author: Robertson

Additional Authors: Little, Albritton, Brown, Browning, Burton, Butler, Carmichael, Chaney, Clarke, Davis, Dawkins, Dearing, Doxey, Flowers, Frazier, Gollott, Hewes, Horhn, Hyde-Smith, Jackson (11th), Jackson (15th), Jackson (32nd), Jordan, King, Kirby, Lee (35th), Lee (47th), Mettetal, Moffatt, Morgan, Pickering, Ross, Simmons, Thomas, Walls, White, Harden, Cuevas

Title: AN ACT TO ESTABLISH THE HURRICANE KATRINA DISASTER SMALL BUSINESS BRIDGE LOAN ACT TO PROVIDE SHORT-TERM LOANS FOR SMALL BUSINESSES THAT SUFFERED PHYSICAL DAMAGE AS A RESULT OF HURRICANE KATRINA TO ASSIST SMALL BUSINESSES IN RETURNING TO BUSINESS AS SOON AS POSSIBLE; TO PROVIDE THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY SHALL ADMINISTER THE LOAN PROGRAM AND SHALL HAVE THE AUTHORITY TO ESTABLISH THE DISASTER LOAN PROGRAM WITH FEDERALLY INSURED FINANCIAL INSTITUTIONS; TO PROVIDE THE MINIMUM AND MAXIMUM AMOUNT OF LOANS AUTHORIZED UNDER THIS ACT; TO PROVIDE THE TERM OF SUCH LOANS; TO ESTABLISH CERTAIN ELIGIBILITY REQUIREMENTS FOR THE RECEIPT OF SUCH LOANS; TO PROVIDE THAT UPON A DETERMINATION OF NEED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY, THE STATE BOND COMMISSION IS AUTHORIZED TO OBTAIN A LINE OF CREDIT IN AN AMOUNT NOT TO EXCEED $25,000,000.00 FROM A COMMERCIAL LENDER, INVESTMENT BANKING GROUP OR A CONSORTIUM OF EITHER OR BOTH, FOR THE PURPOSE OF FUNDING THE LOAN PROGRAM; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 10/07/05 at 20:20.

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20055E/pdf/History/SB/SB2003.htm