Mississippi Legislature
2007 Regular Session

House Bill 1615

Main Menu


Bill Text

History of Actions

Background

Title

Description: Agribusinesses; provide for issuance of bonds to provide loans to for damage from 2005 natural disaster.

Bill Text: [Introduced]

History of Actions:

1 02/05 (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: Lane

Code Sections: A 069-0002-0013, A 069-0002-0019

Title: AN ACT TO AMEND SECTION 69-2-13, MISSISSIPPI CODE OF 1972, TO DIRECT THE MISSISSIPPI DEVELOPMENT AUTHORITY TO PROVIDE FOR A PROGRAM OF LOANS TO AGRIBUSINESSES THAT SUSTAINED A CERTAIN AMOUNT OF DAMAGE AS A RESULT OF A NATURAL DISASTER THAT OCCURRED IN CALENDAR YEAR 2005 AND FOR WHICH A PORTION OF THE DAMAGE WAS NOT REIMBURSED BY INSURANCE; TO SPECIFY THE CONDITIONS THAT AN AGRIBUSINESS MUST MEET TO BE ELIGIBLE FOR A LOAN UNDER THE PROGRAM; TO SPECIFY THE MAXIMUM AMOUNT OF A LOAN THAT MAY BE MADE TO AN AGRIBUSINESS UNDER THE PROGRAM; TO SPECIFY THE PURPOSES FOR WHICH THE PROCEEDS OF A LOAN MAY BE USED; TO PROVIDE THAT MONIES TO MAKE THE LOANS UNDER THE PROGRAM SHALL BE DRAWN FROM THE EMERGING CROPS FUND AND SHALL NOT EXCEED $10,000,000.00 IN THE AGGREGATE; TO PROVIDE THAT NO INTEREST SHALL BE CHARGED ON LOANS MADE UNDER THE PROGRAM; TO AMEND SECTION 69-2-19, MISSISSIPPI CODE OF 1972, TO INCREASE THE MAXIMUM AMOUNT OF STATE GENERAL OBLIGATION BONDS THAT MAY BE ISSUED TO PROVIDE FUNDS FOR THE EMERGING CROPS FUND BY $10,000,000.00; AND FOR RELATED PURPOSES.


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

End Of Document
2007/html/History/HB/HB1615.htm