History of Actions | Background | Title |
Description: Mississippi Business Incubator Assistance Act; create and fund program with bond issue.
| 1 | 01/05/99 | (H) | Referred To Ways and Means | |
| 2 | 02/24/99 | (H) | Died In Committee |
| Effective date | July 1, 1999 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Morris
Title: AN ACT TO CREATE THE MISSISSIPPI BUSINESS INCUBATOR ASSISTANCE ACT; TO ESTABLISH UNDER THE DIRECTION OF THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT THE MISSISSIPPI BUSINESS INCUBATOR ASSISTANCE PROGRAM FOR THE PURPOSE OF MAKING GRANTS TO THE MISSISSIPPI BUSINESS INCUBATOR ASSOCIATION FOR ITS USE IN PROVIDING ASSISTANCE TO SMALL BUSINESSES AND FOR THE PURPOSE OF PROVIDING FUNDS FOR THE DEVELOPMENT AND EXPANSION OF BUSINESS INCUBATION CENTERS; TO PROVIDE THAT THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT SHALL DETERMINE THE AMOUNT OF THE GRANT TO THE MISSISSIPPI BUSINESS INCUBATOR ASSOCIATION; TO ESTABLISH THE TERMS AND CONDITIONS OF SUCH GRANT; TO PROVIDE THAT ANY FUNDS AVAILABLE PURSUANT TO THE PROVISIONS OF THIS ACT THAT THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT DETERMINES NOT TO BE NECESSARY FOR GRANTS TO THE MISSISSIPPI BUSINESS INCUBATOR ASSOCIATION, MAY BE USED BY THE DEPARTMENT FOR GRANTS FOR THE DEVELOPMENT AND EXPANSION OF SMALL BUSINESS INCUBATION CENTERS AND THEIR NEEDED SUPPORT ACTIVITIES; TO PROVIDE CRITERIA THAT A BUSINESS MUST MEET IN ORDER TO BE ELIGIBLE FOR ASSISTANCE; TO REQUIRE THE MISSISSIPPI BUSINESS INCUBATOR ASSOCIATION TO ESTABLISH A SMALL BUSINESS ASSISTANCE REVIEW BOARD TO REVIEW ASSISTANCE APPLICATIONS AND ESTABLISH THE TERMS AND CONDITIONS UPON WHICH ASSISTANCE MAY BE PROVIDED; TO PROVIDE FOR THE ISSUANCE OF $5,000,000.00 IN GENERAL OR LIMITED OBLIGATION BONDS OF THE STATE TO FUND THE PROGRAM; AND FOR RELATED PURPOSES.
End Of Document
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