Mississippi Legislature
2001 Regular Session

Senate Bill 3157

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Bill Text

History of Actions

Background

Title

Description: MS Business Incubator Assistance Act; create and establish.

Bill Text: [Introduced]

History of Actions:

1 02/14 (S) Referred To Finance
2 02/21 (S) Died In Committee

Background Information:

Effective datePassage
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

Senate Committee:

Principal Author: Horhn

Title: AN ACT TO CREATE THE MISSISSIPPI BUSINESS INCUBATOR ASSISTANCE ACT; TO ESTABLISH UNDER THE DIRECTION OF THE MISSISSIPPI DEVELOPMENT AUTHORITY, THE MISSISSIPPI BUSINESS INCUBATOR ASSISTANCE PROGRAM FOR THE PURPOSE OF MAKING GRANTS TO THE MISSISSIPPI ENTERPRISE FOR TECHNOLOGY FOR ITS USE IN PROVIDING ASSISTANCE TO SMALL BUSINESSES AND FOR THE PURPOSE OF PROVIDING FUNDS FOR THE DEVELOPMENT AND EXPANSION OF BUSINESS INCUBATION CENTERS; TO PROVIDE THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY SHALL DETERMINE THE AMOUNT OF THE GRANT TO THE MISSISSIPPI ENTERPRISE FOR TECHNOLOGY; TO ESTABLISH THE TERMS AND CONDITIONS OF SUCH GRANT; TO PROVIDE THAT ANY FUNDS AVAILABLE PURSUANT TO THE PROVISIONS OF THIS ACT THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY DETERMINES NOT TO BE NECESSARY FOR GRANTS TO THE MISSISSIPPI ENTERPRISE FOR TECHNOLOGY MAY BE USED BY THE DEPARTMENT FOR GRANTS FOR THE DEVELOPMENT AND EXPANSION OF SMALL BUSINESS INCUBATION CENTERS AND THEIR NEEDED SUPPORT ACTIVITIES; TO PROVIDE CRITERIA THAT A BUSINESS MUST MEET IN ORDER TO BE ELIGIBLE FOR ASSISTANCE; TO REQUIRE THE ESTABLISHMENT OF SMALL BUSINESS ASSISTANCE REVIEW BOARDS TO REVIEW ASSISTANCE APPLICATIONS AND ESTABLISH THE TERMS AND CONDITIONS UPON WHICH ASSISTANCE MAY BE PROVIDED; TO PROVIDE FOR THE ISSUANCE OF $5,000,000.00 IN GENERAL OR LIMITED OBLIGATION BONDS OF THE STATE TO FUND THE PROGRAM; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/21/01 at 01:02.

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