Mississippi Legislature
2007 Regular Session

House Bill 965

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Bill Text

History of Actions

Background

Title

Description: Existing Industry Productivity Loan Program and Job Protection Act; authorize MDA to make loans and grants to counties and cities.

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

History of Actions:

1 01/12 (H) Referred To Ways and Means
2 01/29 (H) Title Suff Do Pass
3 01/31 (H) Passed   {Vote}
4 02/01 (H) Transmitted To Senate
5 02/02 (S) Referred To Finance
6 02/22 (S) Title Suff Do Pass
7 02/28 (S) Passed   {Vote}
8 03/01 (S) Transmitted To House
9 03/07 (H) Enrolled Bill Signed
10 03/08 (S) Enrolled Bill Signed
11 03/15 Approved by Governor

Background Information:

Effective dateJuly 1, 2007
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority
Chapter number382

House Committee:

Senate Committee:

Principal Author: Watson

Code Sections: A 057-0093-0001, A 057-0095-0001

Title: AN ACT TO AMEND SECTION 57-93-1, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO PROVIDE LOANS TO COUNTIES AND INCORPORATED MUNICIPALITIES UNDER THE EXISTING INDUSTRY PRODUCTIVITY LOAN PROGRAM TO ASSIST CERTAIN EXISTING INDUSTRIES IN DEPLOYING LONG-TERM FIXED ASSETS THAT THROUGH NEW TECHNOLOGY WILL IMPROVE PRODUCTIVITY AND COMPETITIVENESS; TO REQUIRE THAT REPAYMENTS OF LOANS AUTHORIZED UNDER THIS SECTION SHALL BE UTILIZED TO PAY THE PRINCIPAL AND INTEREST ON BONDS USED TO FUND SUCH LOANS; TO PROVIDE THE MANNER OF SECURING LOANS MADE TO COUNTIES AND INCORPORATED MUNICIPALITIES UNDER THE PROGRAM; TO AMEND SECTION 57-95-1, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO PROVIDE LOANS AND GRANTS TO COUNTIES AND INCORPORATED MUNICIPALITIES UNDER THE MISSISSIPPI JOB PROTECTION ACT TO PROVIDE ASSISTANCE TO AT-RISK INDUSTRIES TO BE USED FOR JOB RETENTION AND TO IMPROVE PRODUCTIVITY AND COMPETITIVENESS; TO REQUIRE THAT REPAYMENTS OF LOANS AUTHORIZED UNDER THIS SECTION SHALL BE UTILIZED TO PAY THE PRINCIPAL AND INTEREST ON BONDS USED TO FUND SUCH LOANS; TO PROVIDE THE MANNER OF SECURING LOANS MADE TO COUNTIES AND INCORPORATED MUNICIPALITIES UNDER THE ACT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 04/04/07 at 09:36.

End Of Document
2007/pdf/History/HB/HB0965.htm