History of Actions | Background | Title |
Description: Southwest Mississippi Empowerment Zone Grant Program; create and issue state general obligation bonds to fund.
| 1 | 01/20/99 | (H) | Referred To Ways and Means | |
| 2 | 02/24/99 | (H) | Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: West
Title: AN ACT TO CREATE THE SOUTHWEST MISSISSIPPI EMPOWERMENT ZONE ACT; TO ESTABLISH UNDER THE DIRECTION OF THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT THE SOUTHWEST MISSISSIPPI EMPOWERMENT ZONE GRANT PROGRAM FOR THE PURPOSE OF MAKING GRANTS TO ELIGIBLE BUSINESSES FOR THE PURPOSE OF STIMULATING BUSINESS AND INDUSTRIAL GROWTH IN THE SOUTHWEST MISSISSIPPI EMPOWERMENT ZONE; TO ESTABLISH CERTAIN CRITERIA THAT A BUSINESS MUST MEET IN ORDER TO BE ELIGIBLE FOR ASSISTANCE UNDER THIS ACT; TO REQUIRE THAT UNDER CERTAIN CIRCUMSTANCES A BUSINESS RECEIVING ASSISTANCE SHALL BE REQUIRED TO REPAY ALL OR A PORTION OF SUCH ASSISTANCE; TO CREATE A SPECIAL FUND KNOWN AS THE SOUTHWEST MISSISSIPPI EMPOWERMENT ZONE GRANT FUND INTO WHICH ALL MONEY RECEIVED FROM THE ISSUANCE OF BONDS PURSUANT TO THIS ACT SHALL BE DEPOSITED; TO PROVIDE FOR THE ISSUANCE OF $35,000,000.00 IN STATE GENERAL OBLIGATION BONDS TO FUND THE SOUTHWEST MISSISSIPPI EMPOWERMENT ZONE GRANT PROGRAM; AND FOR RELATED PURPOSES.
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