[Introduced] [Committee Substitute] [Passed Senate]
History of Actions | Amendments | Background | Title |
Description: Economic Development; authorize certain programs to encourage development in less developed counties.
| 1 | 01/08/99 | (S) | Referred To Economic Dev, Tourism and Parks;Finance | |
| 2 | 01/27/99 | (S) | DR - TSDPCS: EC To FI | |
| 3 | 02/02/99 | (S) | DR - TSDPCS: FI To EC | |
| 4 | 02/02/99 | (S) | Title Suff Do Pass Comm Sub | |
| 5 | 02/10/99 | (S) | Committee Substitute Adopted | |
| 6 | 02/10/99 | (S) | Amended | |
| 7 | 02/10/99 | (S) | Passed As Amended | |
| 8 | 02/11/99 | (S) | Transmitted To House | |
| 9 | 02/12/99 | (H) | Referred To Ways and Means | |
| 10 | 03/02/99 | (H) | Died In Committee |
| Adopted | [S] | Amendment No 1 (Cmte Sub) |
| Effective date | July 1, 1999 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | Yes |
Senate Committees:
House Committee:
Principal Author: Simmons
Additional Authors: Walls, Dearing, Horhn, Furniss
Code Section: A 057-0061-0034
Title: AN ACT TO BE ENTITLED THE ECONOMIC DEVELOPMENT ACT OF 1999 TO CREATE THE CHILD DAY CARE LOAN GUARANTEE FUND FOR THE PURPOSE OF ENCOURAGING LENDERS TO MAKE LOANS AVAILABLE FOR THE PURPOSE OF FINANCING THE DEVELOPMENT AND EXPANSION OF CHILD DAY CARE CENTERS IN THE LESS DEVELOPED COUNTIES OF THE STATE; TO PROVIDE THAT THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT SHALL ADMINISTER THE LOAN GUARANTEE PROGRAM; TO PROVIDE THAT LOANS OR AN ENTITY DESIGNATED BY SUCH DEPARTMENT THAT ARE ELIGIBLE FOR GUARANTEES MAY BE MADE ONLY FOR CERTAIN PURPOSES; TO LIMIT THE AMOUNT OF THE LOAN GUARANTEES MADE UNDER THIS ACT; TO PRESCRIBE CERTAIN CRITERIA THAT SHALL BE USED IN THE DETERMINATION OF WHETHER TO GRANT CERTAIN LOAN GUARANTEES; TO PRESCRIBE THE INFORMATION THAT AN APPLICANT FOR A LOAN GUARANTEE MUST PROVIDE; TO ESTABLISH A GRANT PROGRAM FOR COMMUNITY DEVELOPMENT CORPORATIONS; TO ESTABLISH A SPECIAL FUND IN THE STATE TREASURY DESIGNATED AS THE "COMMUNITY DEVELOPMENT GRANT FUND" FROM WHICH SUCH GRANTS SHALL BE MADE; TO PROVIDE THAT DECD SHALL ADMINISTER THE GRANT PROGRAM ESTABLISHED PURSUANT TO THIS ACT; TO PROVIDE THAT DECD SHALL ESTABLISH CRITERIA FOR AWARDING GRANTS AND THE AMOUNT OF SUCH GRANTS; TO REQUIRE THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT TO ESTABLISH A JOB RECRUITMENT, TRAINING, DEVELOPMENT, COUNSELING, MOTIVATION AND REFERRAL SERVICES PROGRAM FOR LESS DEVELOPED COUNTIES OF THE STATE TO ASSIST CHRONICALLY UNEMPLOYED PERSONS IN OVERCOMING BARRIERS THAT MAY BLOCK SUCCESSFUL EMPLOYMENT; TO AMEND SECTION 57-61-34, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $5,000,000.00 TO $8,000,000.00 THE AMOUNT OF BOND PROCEEDS THAT THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT MAY MAKE AVAILABLE AS INTEREST BEARING LOANS TO AID IN THE ESTABLISHMENT OF BUSINESS INCUBATION CENTERS AND THE CREATION OF NEW AND EXPANDING TECHNOLOGY-BASED BUSINESS AND INDUSTRY; TO CREATE A NEW CODE SECTION TO BE CODIFIED AS SECTION 57-61-45, MISSISSIPPI CODE OF 1972, TO REQUIRE THAT NOT MORE THAN $2,000,000.00 OF CERTAIN BOND PROCEEDS FOR A GRANT TO PROVIDE FUNDS FOR THE COMMUNITY DEVELOPMENT GRANT FUND; AND FOR RELATED PURPOSES.
End Of Document
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