Mississippi Legislature
2007 Regular Session

House Bill 297

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Bill Text

History of Actions

Background

Title

Description: Disaster relief; establish loan program for persons sustaining flood damage to homes, issue bonds to provide funds.

Bill Text: [Introduced]

History of Actions:

1 01/02 (H) Referred To Ways and Means
2 02/21 (H) Died In Committee

Background Information:

Effective datePassage
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

House Committee:

Principal Author: Compretta

Additional Author: Peranich

Title: AN ACT TO ESTABLISH A DISASTER HOME FLOOD LOAN PROGRAM TO PROVIDE LOANS TO INDIVIDUALS WHO SUSTAINED PHYSICAL DAMAGE TO HOMES DUE TO FLOODING OR STORM SURGE AS A RESULT OF HURRICANE KATRINA AND WHO HAD NO FLOOD INSURANCE OR OTHER INSURANCE PROVIDING COVERAGE FOR SUCH DAMAGE OR HAD FLOOD INSURANCE BUT HAD A FLOOD LOSS THAT EXCEEDED SUCH INSURANCE AND WAS NOT COVERED BY OTHER INSURANCE OR SOURCE OF REIMBURSEMENT; TO PROVIDE THAT THE DEPARTMENT OF FINANCE AND ADMINISTRATION SHALL ADMINISTER THE LOAN PROGRAM; TO PROVIDE THE MAXIMUM AMOUNT FOR SUCH LOANS; TO ESTABLISH CERTAIN ELIGIBILITY REQUIREMENTS FOR THE RECEIPT OF SUCH LOANS; TO AUTHORIZE THE ISSUANCE OF $250,000,000.00 WORTH OF STATE GENERAL OBLIGATION BONDS FOR THE PURPOSE OF PROVIDING FUNDS FOR THE LOAN PROGRAM; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/21/07 at 15:45.

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