Mississippi Legislature

1999 Regular Session

House Bill 1648

[Introduced] [Committee Substitute] [Passed House]

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History of Actions

Amendments

Background

Title

Description: Major Economic Impact Act; increase amount of bonds for certain projects, require additional approval for certain action under (DECD).

History of Actions:

102/17/99(H)Referred To Ways and Means
202/22/99(H)Title Suff Do Pass Comm Sub
302/23/99(H)Committee Substitute Adopted
402/23/99(H)Amended
502/23/99(H)Passed As Amended
602/23/99(H)Motion to Reconsider Entered
702/24/99(H)Motion to Reconsider Tabled
802/25/99(H)Transmitted To Senate
902/26/99(S)Referred To Finance
1003/16/99(S)Died In Committee

Amendments:

Adopted [H] Amendment No 1 (Cmte Sub)

Background Information:

Effective datePassage
DispositionDead
DeadlineRevenue/Appropriation
RevenueYes
3/5ths vote requiredYes

House Committee:

Senate Committee:

Principal Author: Williams

Code Sections: A 057-0075-0009, A 057-0075-0015

Title: AN ACT TO AMEND SECTION 57-75-9, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE MISSISSIPPI MAJOR ECONOMIC IMPACT AUTHORITY MAY NOT OBLIGATE THE STATE TO PROVIDE ANY ASSISTANCE FOR A PROPOSED PROJECT WHICH WILL REQUIRE THE ISSUANCE OF ADDITIONAL BONDS AS AUTHORIZED BY THIS ACT, UNLESS UPON RECEIPT OF A DECLARATION FROM THE AUTHORITY DECLARING THE NECESSITY FOR SUCH ASSISTANCE, THE GOVERNOR, ATTORNEY GENERAL AND STATE TREASURER UNANIMOUSLY AGREE IN WRITING THAT SUCH ASSISTANCE IS NECESSARY TO INCREASE THE STATE'S COMPETITIVE POSITION FOR BEING SELECTED AS THE SITE FOR THE PROJECT; TO AMEND SECTION 57-75-15, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF BONDS THAT MAY BE ISSUED UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT TO FUND CERTAIN PROJECTS; TO DELETE THE AUTHORITY TO ISSUE BONDS FOR CERTAIN PROJECTS UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/16/99 at 15:55.



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