History of Actions | Background | Title |
Description: Major Economic Impact Act; increase amount of bonds for cert projects, req. add'l approval for cert action under (DECD).
| 1 | 02/18/99 | (S) | Referred To Finance | |
| 2 | 02/24/99 | (S) | Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
Senate Committee:
Principal Author: Smith
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, LIEUTENANT GOVERNOR 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; AND FOR RELATED PURPOSES.
End Of Document
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