2012
Regular Session
MS Development Authority Job Training Grant Fund; create to provide job training grants for certain eligible business enterprises.
AN ACT TO CREATE THE MISSISSIPPI DEVELOPMENT AUTHORITY JOB TRAINING GRANT FUND; TO PROVIDE THAT MONEY IN THE FUND SHALL BE USED FOR THE PURPOSE OF MAKING TRAINING GRANTS TO BUSINESS ENTERPRISES THAT ARE ELIGIBLE FOR THE JOBS TAX CREDIT AUTHORIZE UNDER SECTION 57-73-21, MISSISSIPPI CODE OF 1972; TO PROVIDE THAT THE FUND SHALL BE ADMINISTERED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO PROVIDE THAT A BUSINESS ENTERPRISE THAT RECEIVES SUCH A TRAINING GRANT SHALL NOT BE ELIGIBLE FOR THE JOBS TAX CREDIT AUTHORIZED IN SECTION 57-73-21, MISSISSIPPI CODE OF 1972; TO PROVIDE FOR THE DURATION AND AMOUNT OF THE TRAINING GRANTS; TO PROVIDE THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY SHALL REQUIRE THAT THE BUSINESS ENTERPRISE SHALL ENTER INTO BINDING COMMITMENTS REQUIRING THAT A MINIMUM NUMBER OF JOBS BE MAINTAINED THAT SHALL BE NOT LESS THAN THE NUMBER OF JOBS REQUIRED TO BE ELIGIBLE FOR THE JOBS TAX CREDIT, AND THAT IF THE MINIMUM NUMBER OF JOBS ARE NOT MAINTAINED, ALL OR A PORTION OF THE GRANT FUNDS RECEIVED BY THE BUSINESS ENTERPRISE, AS DETERMINED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY, SHALL BE REPAID; TO PROVIDE THAT THE LIABILITY OF THE STATE OF MISSISSIPPI TO MAKE THE TRAINING GRANTS AUTHORIZED UNDER THIS ACT SHALL BE LIMITED TO THE BALANCE CONTAINED IN THE MISSISSIPPI DEVELOPMENT AUTHORITY JOB TRAINING GRANT FUND; TO REQUIRE THE TRANSFER OF $2,000,000.00 FROM THE MMEIA TAX INCENTIVE FUND TO THE MISSISSIPPI DEVELOPMENT AUTHORITY JOB TRAINING GRANT FUND; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO END THE MONTHLY DEPOSIT OF SALES TAX REVENUE IN THE AMOUNT OF $150,000.00 INTO THE MMEIA TAX INCENTIVE FUND AND PROVIDE FOR THE MONTHLY DEPOSIT OF SALES TAX REVENUE IN THE AMOUNT OF $150,000.00 INTO THE MISSISSIPPI DEVELOPMENT AUTHORITY JOB TRAINING GRANT FUND; TO AMEND SECTION 57-73-21, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; TO REPEAL SECTIONS 57-101-1, 57-101-3 AND 57-101-5, MISSISSIPPI CODE OF 1972, WHICH CREATE THE MMEIA TAX INCENTIVE FUND TO PAY A PORTION OF THE COMPONENT CONSTRUCTION MATERIAL COSTS FOR CERTAIN PROJECTS; AND FOR RELATED PURPOSES.
04/17/12 at 09:51
H
B
1246
House Bill 1246
HB 1246
H
Dead
General Bill/Constitutional Amendment
No
Three/Fifths
** See Text
Ways and Means
F
../../House_cmtes/WM.xml
Finance
T
../../Senate_cmtes/FI.xml
Smith (39th)
../../House_authors/Smith_(39th).xml
A
../../code_sections/027/00650075.xml
A
../../code_sections/057/00730021.xml
RP
../../code_sections/057/01010001.xml
RP
../../code_sections/057/01010003.xml
RP
../../code_sections/057/01010005.xml
1
02/20 (H) Referred To Ways and Means
2
03/05 (H) Title Suff Do Pass
3
03/12 (H) Passed
../../../../2012/pdf/votes/house/0700017.pdf
4
03/13 (H) Transmitted To Senate
5
03/16 (S) Referred To Finance
6
04/03 (S) Died In Committee
../../../../documents/2012/pdf/HB/1200-1299/HB1246PS.pdf
../../../../documents/2012/html/HB/1200-1299/HB1246PS.htm
../../../../documents/2012/pdf/HB/1200-1299/HB1246IN.pdf
../../../../documents/2012/html/HB/1200-1299/HB1246IN.htm
../../../../documents/2012/pdf/HB/1200-1299/HB1246PS.pdf
../../../../documents/2012/html/HB/1200-1299/HB1246PS.htm