2016
Regular Session
Mississippi Main Street Investment Act; create.
AN ACT TO CREATE THE MISSISSIPPI MAIN STREET INVESTMENT ACT; TO PROVIDE DEFINITIONS FOR THIS ACT; TO CREATE THE MISSISSIPPI MAIN STREET INVESTMENT LOAN FUND; TO REQUIRE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ESTABLISH A PROGRAM TO MAKE LOANS TO MUNICIPALITIES TO ASSIST WITH MAINTAINING AND IMPROVING THE VIABILITY OF REVITALIZATION ZONES; TO REQUIRE A MUNICIPALITY DESIRING A LOAN UNDER THIS ACT TO SUBMIT AN APPLICATION TO THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO PROVIDE THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY SHALL REVIEW THE APPLICATION OF A MUNICIPALITY IN ORDER TO CONFIRM THAT THE REVITALIZATION ZONE MEETS THE REQUIREMENTS OF THIS ACT; TO PROVIDE THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY SHALL ESTABLISH A DEADLINE FOR THE SUBMISSION OF APPLICATIONS DURING A STATE FISCAL YEAR; TO PROVIDE THAT IF A MUNICIPALITY IN WHICH A REVITALIZATION ZONE IS LOCATED RECEIVES A LOAN UNDER THIS SECTION, THEN THE SALES TAX REVENUE COLLECTED WITHIN A REVITALIZATION ZONE SHALL BE ALLOCATED FOR DISTRIBUTION TO THE MUNICIPALITY IN WHICH THE REVITALIZATION ZONE IS LOCATED AND PAID TO THE MUNICIPALITY; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY WITH ALL POWERS NECESSARY TO IMPLEMENT AND ADMINISTER THE PROGRAM AUTHORIZED BY THIS ACT; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PROVISIONS OF THIS ACT; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS IN THE AMOUNT OF $5,000,000.00 AND PROVIDE THAT THE PROCEEDS OF SUCH BONDS SHALL BE DEPOSITED INTO THE MISSISSIPPI MAIN STREET INVESTMENT LOAN FUND; AND FOR RELATED PURPOSES.
04/05/16 at 15:06
H
B
1598
House Bill 1598
HB 1598
H
Dead
Revenue
Yes
Three/Fifths
October 1, 2016
Ways and Means
F
../../House_cmtes/WM.xml
Finance
T
../../Senate_cmtes/FI.xml
Lamar
../../House_authors/Lamar.xml
Miles
../../House_authors/Miles.xml
Dixon
../../House_authors/Dixon.xml
Sykes
../../House_authors/Sykes.xml
A
../../code_sections/027/00650075.xml
1
03/07 (H) Referred To Ways and Means
2
03/10 (H) Title Suff Do Pass Comm Sub
3
03/15 (H) Committee Substitute Adopted
4
03/15 (H) Amended
5
03/15 (H) Passed As Amended
../../../../2016/pdf/votes/house/0710006.pdf
6
03/17 (H) Transmitted To Senate
7
03/28 (S) Referred To Finance
8
04/05 (S) Died In Committee
../../../../documents/2016/pdf/HB/1500-1599/HB1598PS.pdf
../../../../documents/2016/dt/HB/1500-1599/HB1598PS.pdf
../../../../documents/2016/html/HB/1500-1599/HB1598PS.htm
../../../../documents/2016/pdf/HB/1500-1599/HB1598IN.pdf
../../../../documents/2016/dt/HB/1500-1599/HB1598IN.pdf
../../../../documents/2016/html/HB/1500-1599/HB1598IN.htm
../../../../documents/2016/pdf/HB/1500-1599/HB1598CS.pdf
../../../../documents/2016/dt/HB/1500-1599/HB1598CS.pdf
../../../../documents/2016/html/HB/1500-1599/HB1598CS.htm
../../../../documents/2016/pdf/HB/1500-1599/HB1598PS.pdf
../../../../documents/2016/dt/HB/1500-1599/HB1598PS.pdf
../../../../documents/2016/html/HB/1500-1599/HB1598PS.htm
Amendment No 1 (Cmte Sub)
Adopted
../../../../documents/2016/pdf/ham/HB1598_H_(Cmte_Sub)_Amend_01.pdf
../../../../../documents/2016/html/ham/HB1598_H_(Cmte_Sub)_Amend_01.htm
Voice Vote
N
../../../../documents/2016/pdf/fiscalnotes/HB1598.pdf