Mississippi Legislature
2007 Regular Session

Senate Bill 2737

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Bill Text

History of Actions

Background

Title

Description: Tax Increment Financing Act; a developer may be reimbursed for private portion of a project if municipality makes certain findings.

Bill Text: [Introduced] [Passed Senate]

History of Actions:

1 01/15 (S) Referred To Finance
2 01/30 (S) Title Suff Do Pass
3 02/01 (S) Passed   {Vote}
4 02/02 (S) Transmitted To House
5 02/14 (H) Referred To Ways and Means
6 02/27 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2007
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredThree/Fifths

Senate Committee:

House Committee:

Principal Author: Clarke

Additional Authors: Gollott, Jackson (11th), Jackson (32nd), Jordan, Thames, Thomas

Code Section: A 021-0045-0009

Title: AN ACT TO AMEND SECTION 21-45-9, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE CONDITION THAT A PORTION OF A REDEVELOPMENT PROJECT CONSTRUCTED UNDER THE TAX INCREMENT FINANCING WITH PRIVATE FUNDS IN ADVANCE OF THE ISSUANCE OF BONDS MAY BE REIMBURSED ONLY IF THE DEVELOPER DEDICATES THE PROJECT TO THE MUNICIPALITY, SHALL NOT APPLY TO THE PRIVATELY OWNED PORTION OF A REDEVELOPMENT PROJECT WHERE THE GOVERNING BODY OF A MUNICIPALITY MAKES A FINDING THAT IT IS IN THE BEST INTEREST OF THE MUNICIPALITY THAT THE CONDITION NOT APPLY; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/27/07 at 16:29.

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2007/html/History/SB/SB2737.htm