Mississippi Legislature
2005 5th Extraordinary Session

House Bill 41

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Bill Text

History of Actions

Amendments

Background

Title

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

Bill Text: [Introduced] [Committee Substitute] [Passed House] [Sent to Governor]

History of Actions:

1 09/28 (H) Referred To Ways and Means
2 09/28 (H) Title Suff Do Pass Comm Sub
3 09/28 (H) Committee Substitute Adopted
4 09/28 (H) Amended
5 09/28 (H) Passed As Amended
6 09/28 (H) Immediate Release
7 09/29 (H) Transmitted To Senate
8 09/29 (S) Referred To Finance
9 09/30 (S) Title Suff Do Pass As Amended
10 09/30 (S) Amended
11 09/30 (S) Passed As Amended
12 09/30 (S) Immediate Release
13 09/30 (S) Returned For Concurrence
14 10/04 (H) Decline to Concur/Invite Conf
15 10/04 (H) Conferees Named Watson,Compretta,Reeves
16 10/04 (S) Conferees Named Robertson,Doxey,Clarke
17 10/07 (H) Conference Report Filed
18 10/07 (S) Conference Report Filed
19 10/07 (S) Conference Report Adopted
20 10/07 (H) Conference Report Adopted
21 10/07 (H) Immediate Release
22 10/11 (H) Enrolled Bill Signed
23 10/11 (S) Enrolled Bill Signed
24 10/12 Approved by Governor

Amendments/Conference Report:

Adopted [H] Amendment No 1 (Cmte Sub)
Adopted [S] Committee Amendment No 1
Adopted [S] Amendment No 1 to Amendment No 1
Adopted [S] Amendment No 2 to Amendment No 1
Adopted [S] Amendment No 3 to Amendment No 1
   
[S] Amendment Report for House Bill No. 41

Conference Report

Background Information:

Effective datePassage
DispositionLaw
DeadlineNone
RevenueNo
Vote type requiredThree/Fifths
Chapter number14

House Committee:

Senate Committee:

Principal Author: Brown

Additional Authors: Watson, Akins, Aldridge, Arinder, Bailey, Baker (74th), Baker (8th), Banks, Barnett, Beckett, Bentz, Blackmon, Bondurant, Bounds, Broomfield, Buck, Burnett, Calhoun, Carlton, Chism, Clark, Clarke, Coleman (29th), Coleman (65th), Compretta, Cummings, Davis, Dedeaux, Denny, Dickson, Eaton, Ellington, Ellis, Espy, Evans, Fillingane, Flaggs, Fleming, Formby, Franks, Fredericks, Frierson, Gadd, Gibbs, Gregory, Guice, Hamilton (109th), Hamilton (6th), Harrison, Hines, Holland, Holloway, Howell, Huddleston, Hudson, Ishee, Janus, Jennings, Johnson, Lott, Malone, Markham, Martinson, Masterson, Mayhall, Mayo, McBride, McCoy, Middleton, Miles, Mims, Moak, Montgomery, Moore, Morris, Moss, Myers, Nicholson, Norquist, Parker, Patterson, Peranich, Perkins, Read, Reed, Reeves, Reynolds, Robinson (63rd), Robinson (84th), Rogers (14th), Rogers (61st), Rotenberry, Scott, Shows, Simpson, Smith (27th), Smith (39th), Smith (59th), Snowden, Staples, Stevens, Straughter, Stringer, Sullivan, Thomas, Turner, Upshaw, Vince, Walley, Ward, Warren, Weathersby, Wells-Smith, Whittington, Woods, Young, Zuber

Title: AN ACT TO ESTABLISH THE MISSISSIPPI DISASTER SMALL BUSINESS BRIDGE LOAN ACT TO PROVIDE SHORT-TERM LOANS FOR SMALL BUSINESSES THAT SUFFER 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 AND OTHER LENDING INSTITUTIONS APPROVED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY; 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 THE 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 FOR ANY ONE DISASTER, 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 10/12/05 at 15:02.

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20055E/pdf/History/HB/HB0041.htm