Bill Text | History of Actions | Background | Title |
Description: Bonds; create the Building Fund for the Arts and provide for the issuance of $12,000,000.00 in general obligation bonds to fund it.
Bill Text: [Introduced]
| 1 | 01/24 (S) Referred To Finance | |
| 2 | 02/21 (S) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
Senate Committee:
Principal Author: Nunnelee
Additional Authors: Little, King, Tollison, Horhn, Hyde-Smith, Jordan, White (5th), Canon, Johnson (38th), Carlton, Bryan, Dearing
Title: AN ACT TO CREATE THE MISSISSIPPI CULTURAL DEVELOPMENT ACT; TO CREATE A SPECIAL FUND IN THE STATE TREASURY TO BE DESIGNATED AS THE "BUILDING FUND FOR THE ARTS"; TO AUTHORIZE MONEY FROM ANY SOURCE TO BE DEPOSITED INTO THE FUND; TO PROVIDE THAT MONEY DEPOSITED INTO THE FUND SHALL BE DISBURSED, IN THE DISCRETION OF THE MISSISSIPPI ARTS COMMISSION, TO PROVIDE GRANTS TO NONPROFIT ORGANIZATIONS OR UNITS OF LOCAL GOVERNMENT, TO PAY THE COST OF REPAIR, UPGRADING, EXPANSION, RENOVATION OR ENHANCEMENT OF EXISTING BUILDINGS OR FACILITIES FOR THE PRESENTATION, TEACHING OR EXHIBITION OF THE ARTS AND FURNITURE, EQUIPMENT AND/OR TECHNOLOGY FOR SUCH BUILDINGS OR FACILITIES; TO PROVIDE THAT THE ENTITY TO WHICH SUCH GRANTS ARE MADE SHALL PROVIDE MATCHING FUNDS EQUAL TO 40% OF THE PROPOSED PROJECT COST IN ORDER TO BE ELIGIBLE FOR A GRANT UNDER THIS ACT; TO PROVIDE FOR THE ISSUANCE OF $12,000,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE BUILDING FUND FOR THE ARTS; AND FOR RELATED PURPOSES.
End Of Document
2001/html/History/SB/SB3054.htm