History of Actions | Background | Title |
Description: Economic Development Highway Act; revise definition of high economic benefit project.
| 1 | 01/30/97 | (S) | Referred To Finance | |
| 2 | 02/26/97 | (S) | Died In Committee |
| Effective date | July 1, 1997 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
Senate Committee:
Principal Author: Gollott
Additional Author: Hewes
Code Sections: A 065-0004-0005, A 065-0004-0025
Title: AN ACT TO AMEND SECTION 65-4-5, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "HIGH ECONOMIC BENEFIT PROJECT" UNDER THE ECONOMIC DEVELOPMENT HIGHWAY ACT TO INCLUDE NEW INVESTMENTS BY TWO PRIVATE COMPANIES UPON LAND THAT IS ADJACENT WHENEVER THE NEW INVESTMENTS OF BOTH COMPANIES ARE AT LEAST $60,000,000.00 IN THE AGGREGATE, AND SUCH NEW INVESTMENTS BY BOTH PRIVATE COMPANIES PROVIDE FOR THE EMPLOYMENT OF AT LEAST 500 EMPLOYEES IN THE AGGREGATE; TO AMEND SECTION 65-4-25, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF GENERAL OBLIGATION BONDS THAT MAY BE ISSUED UNDER THE ECONOMIC DEVELOPMENT HIGHWAY ACT; AND FOR RELATED PURPOSES.
End Of Document
1997/History/SB\SB3096.htm