Bill Text | History of Actions | Background | Title |
Description: Emerging Crops Fund; increase amount of bonds for minority economic development, extend repealer on such assistance (DECD).
Bill Text: [Introduced]
| 1 | 03/16/00 | (S) | Referred To Finance | |
| 2 | 03/29/00 | (S) | Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
Senate Committee:
Principal Author: Horhn
Additional Authors: Simmons, Walls, Harden, Johnson (38th), Jordan, Jackson, Turner, Blackmon
Code Sections: A 069-0002-0013, A 069-0002-0019
Title: AN ACT TO AMEND SECTION 69-2-13, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $16,000,000.00 TO $24,000,000.00, THE AMOUNT OF MONEY THAT MAY BE DRAWN FROM THE EMERGING CROPS FUND BY THE MISSISSIPPI BUSINESS FINANCE CORPORATION TO ASSIST IN PROVIDING FINANCING FOR MINORITY ECONOMIC DEVELOPMENT; TO REMOVE THE REPEAL DATE ON THE MISSISSIPPI BUSINESS FINANCE CORPORATION'S AUTHORITY TO PROVIDE SUCH ASSISTANCE; TO INCLUDE CONTRACTS WITH FEDERAL DEPARTMENTS AND AGENCIES IN THE TYPES OF CONTRACTS FOR WHICH THE MISSISSIPPI BUSINESS FINANCE CORPORATION WILL GUARANTEE BID, PERFORMANCE AND PAYMENT BONDS WHICH MINORITY BUSINESSES ARE REQUIRED TO OBTAIN FOR SUCH CONTRACTS; TO PROVIDE THAT THE MISSISSIPPI BUSINESS FINANCE CORPORATION SHALL MAKE LOANS FROM THE EMERGING CROPS FUND TO PRODUCERS OF SWEET POTATOES AND COOPERATIVES OWNED BY SWEET POTATO PRODUCERS TO ASSIST IN THE PLANTING OF SWEET POTATOES AND THE PURCHASE OF SWEET POTATO PRODUCTION AND HARVESTING EQUIPMENT; TO AMEND SECTION 69-2-19, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $95,000,000.00 TO $103,000,000.00, THE AMOUNT OF BONDS THAT MAY BE ISSUED TO PROVIDE FUNDS FOR THE EMERGING CROPS FUND; AND FOR RELATED PURPOSES.
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