Bill Text | History of Actions | Amendments | Background | Title |
Description: Mississippi Small Business Assistance Act; MDA may take over loan programs that are not active.
Bill Text: [Introduced] [Passed Senate] [Sent to Governor]
| 1 | 01/15 (S) Referred To Finance | |
| 2 | 01/30 (S) Title Suff Do Pass | |
| 3 | 02/01 (S) Passed | |
| 4 | 02/02 (S) Transmitted To House | |
| 5 | 02/07 (H) Referred To Ways and Means | |
| 6 | 02/14 (H) Title Suff Do Pass As Amended | |
| 7 | 02/22 (H) Recommitted to Committee | |
| 8 | 02/27 (H) Title Suff Do Pass As Amended | |
| 9 | 02/28 (H) Amended | |
| 10 | 02/28 (H) Passed As Amended | |
| 11 | 03/02 (H) Returned For Concurrence | |
| 12 | 03/14 (S) Decline to Concur/Invite Conf | |
| 13 | 03/21 (S) Conferees Named Minor,Chamberlin,Browning | |
| 14 | 03/21 (H) Conferees Named Morris,Smith (35th),Evans | |
| 15 | 03/26 (S) Conference Report Filed | |
| 16 | 03/26 (H) Conference Report Filed | |
| 17 | 03/27 (H) Conference Report Adopted | |
| 18 | 03/27 (S) Conference Report Adopted | |
| 19 | 03/29 (S) Enrolled Bill Signed | |
| 20 | 03/29 (H) Enrolled Bill Signed | |
| 21 | 04/07 Approved by Governor |
| Adopted | [H] | Amendment No 1 |
| Effective date | January 1, 2001 | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority | |
| Chapter number | 537 |
Senate Committee:
House Committee:
Principal Author: Minor
Code Sections: A 057-0010-0511, A 057-0010-0505
Title: AN ACT TO AMEND SECTION 57-10-511, MISSISSIPPI CODE OF 1972, TO INCREASE THE PERCENTAGE OF LOSSES IN GRANT FUNDS THAT A PLANNING AND DEVELOPMENT DISTRICT OR QUALIFIED ENTITY MUST EXPERIENCE UNDER THE MISSISSIPPI SMALL BUSINESS ASSISTANCE ACT BEFORE IT IS REQUIRED TO REPAY THE AMOUNT OF SUCH LOSSES; TO PROVIDE THAT IF THE MISSISSIPPI DEVELOPMENT AUTHORITY (MDA) FINDS THAT A PLANNING AND DEVELOPMENT DISTRICT OR A QUALIFIED ENTITY ADMINISTERING A REVOLVING LOAN PROGRAM UNDER THE MISSISSIPPI SMALL BUSINESS ASSISTANCE ACT IS NOT ACTIVELY ENGAGED IN LENDING, SUCH DISTRICT OR ENTITY MAY BE FOUND TO BE IN DEFAULT AND BE REQUIRED TO CEASE PROVIDING ASSISTANCE, REFUND ALL FUNDS HELD IN ITS REVOLVING ASSISTANCE FUND AND, IF REQUIRED BY MDA, CONVEY TO MDA ALL ADMINISTRATIVE AND MANAGEMENT CONTROL OF ASSISTANCE UNDER THE PROGRAM; TO PROVIDE THAT IF FEDERAL FUNDS ARE NOT AVAILABLE FOR COMMITMENTS MADE BY A PLANNING AND DEVELOPMENT DISTRICT TO PROVIDE ASSISTANCE UNDER ANY FEDERAL LOAN PROGRAM ADMINISTERED BY THE PLANNING AND DEVELOPMENT DISTRICT IN COORDINATION WITH THE APPALACHIAN REGIONAL COMMISSION OR ECONOMIC DEVELOPMENT ADMINISTRATION, OR BOTH, A PLANNING AND DEVELOPMENT DISTRICT MAY USE UNCOMMITTED FUNDS IN ITS SMALL BUSINESS ASSISTANCE REVOLVING ASSISTANCE FUND FOR THE PURPOSE OF PROVIDING TEMPORARY FUNDING FOR SUCH COMMITMENTS; TO PROVIDE THAT IF A PLANNING AND DEVELOPMENT DISTRICT USES UNCOMMITTED FUNDS IN ITS REVOLVING ASSISTANCE FUND TO PROVIDE SUCH TEMPORARY FUNDING, THE DISTRICT SHALL USE FUNDS REPAID TO THE DISTRICT UNDER THE TEMPORARILY FUNDED FEDERAL LOAN PROGRAM TO REPLENISH THE FUNDS USED TO PROVIDE THE TEMPORARY FUNDING; TO LIMIT THE NUMBER OF TIMES A PLANNING AND DEVELOPMENT DISTRICT MAY USE UNCOMMITTED FUNDS IN ITS REVOLVING ASSISTANCE FUND TO PROVIDE SUCH TEMPORARY FUNDING AND THE AMOUNT OF SUCH FUNDS THAT MAY BE USED FOR SUCH PURPOSES DURING A CALENDAR YEAR; TO AMEND SECTION 57-10-505, MISSISSIPPI CODE OF 1972, TO REFLECT THE CHANGE OF THE NAME OF THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT TO THE MISSISSIPPI DEVELOPMENT AUTHORITY; AND FOR RELATED PURPOSES.
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2001/html/History/SB/SB2662.htm