Mississippi Legislature

2000 Regular Session

House Bill 1681

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Bill Text

History of Actions

Amendments

Background

Title

Description: Bonds; increase amount of bonds authorized for certain economic development programs and revise use of certain bond proceeds.

Bill Text: [Introduced] [Passed House]

History of Actions:

103/22/00(H)Referred To Ways and Means
203/23/00(H)Title Suff Do Pass
303/23/00(H)Passed
403/24/00(H)Transmitted To Senate
503/24/00(S)Referred To Finance
604/12/00(S)Title Suff Do Pass As Amended
704/14/00(S)Amended
804/14/00(S)Passed As Amended
904/17/00(S)Returned For Concurrence
1004/19/00(H)Decline to Concur/Invite Conf
1104/21/00(H)Conferees Named McCoy,Morris,Smith (39th)
1204/25/00(S)Conferees Named Minor,Nunnelee,Robertson
1304/29/00(H)Died In Conference

Amendments:

Adopted [S] Amendment No 1
Lost [S] Amendment No 1 to Amendment No 1

Background Information:

Effective dateJuly 1, 2000
DispositionDead
DeadlineRevenue/Appropriation
RevenueYes
3/5ths vote requiredYes

House Committee:

Senate Committee:

Principal Author: Morris

Additional Authors: Smith (39th), McCoy, Reynolds

Code Sections: A 065-0004-0025, A 057-0061-0036, A 069-0002-0013, A 069-0002-0019, A 057-0001-0307

Title: AN ACT TO AMEND SECTION 65-4-25, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF STATE GENERAL OBLIGATION BONDS THAT MAY BE ISSUED UNDER THE ECONOMIC DEVELOPMENT HIGHWAY ACT; TO AMEND SECTION 57-1-307, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $95,000,000.00 TO $103,500,000.00, THE AMOUNT OF BONDS THAT MAY BE ISSUED UNDER THE LOCAL GOVERNMENTS CAPITAL IMPROVEMENTS REVOLVING LOAN PROGRAM; TO AMEND SECTION 57-61-36, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $9,000,000.00 TO $10,500,000.00, THE AMOUNT OF BONDS PROCEEDS THAT THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT MAY UTILIZE UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT FOR THE PURPOSE OF MAKING GRANTS TO COUNTIES AND MUNICIPALITIES UNDER THE DEVELOPMENT INFRASTRUCTURE GRANT PROGRAM; TO REQUIRE THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT TO UTILIZE NOT MORE THAN $750,000.00 OF THE BOND PROCEEDS UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT TO MATCH FEDERAL FUNDS AVAILABLE FROM THE UNITED STATES DEPARTMENT OF AGRICULTURE FOR THE PURPOSE OF ESTABLISHING AN INTERMEDIARY RELENDING PROGRAM TO BE ADMINISTERED BY THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT; TO AMEND SECTION 69-2-13, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $16,000,000.00 TO $18,000,000.00, 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 AUTHORIZE THE MISSISSIPPI BUSINESS FINANCE CORPORATION 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 AMEND SECTION 69-2-19, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $95,000,000.00 TO $97,000,000.00, THE AMOUNT OF BONDS THAT MAY BE ISSUED TO PROVIDE FUNDS FOR THE EMERGING CROPS FUND; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 04/29/00 at 18:55.



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