Bill Text | History of Actions | Amendments | Background | Title |
Description: MS Business Investment Act, Major Economic Impact Act and Emerging Crops Funds; increase amount of bonds authorized for.
Bill Text: [Introduced] [Passed House] [Sent to Governor]
| 1 | 02/21 (H) Referred To Ways and Means | |
| 2 | 02/21 (H) Title Suff Do Pass | |
| 3 | 02/22 (H) Passed | |
| 4 | 02/25 (H) Transmitted To Senate | |
| 5 | 02/25 (S) Referred To Finance | |
| 6 | 03/14 (S) Title Suff Do Pass As Amended | |
| 7 | 03/19 (S) Amended | |
| 8 | 03/19 (S) Passed As Amended | |
| 9 | 03/20 (S) Returned For Concurrence | |
| 10 | 03/21 (H) Decline to Concur/Invite Conf | |
| 11 | 03/22 (H) Conferees Named McCoy,Morris,Smith (39th) | |
| 12 | 03/25 (S) Conferees Named Minor,King,Moffatt | |
| 13 | 03/30 (S) Conference Report Filed | |
| 14 | 03/30 (H) Conference Report Filed | |
| 15 | 03/31 (S) Conference Report Adopted | |
| 16 | 03/31 (H) Conference Report Adopted | |
| 17 | 04/03 (H) Enrolled Bill Signed | |
| 18 | 04/03 (S) Enrolled Bill Signed | |
| 19 | 04/09 Approved by Governor |
| Adopted | [S] | Amendment No 1 |
| Effective date | Passage | |
| Disposition | Law | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths | |
| Chapter number | 541 |
House Committee:
Senate Committee:
Principal Author: Morris
Code Sections: A 057-0061-0025, A 057-0061-0034, A 057-0061-0036, A 057-0061-0015, A 057-0061-0042, A 057-0075-0005, A 057-0075-0015, A 069-0002-0019
Title: AN ACT TO AMEND SECTION 57-61-25, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $254,750,000.00 TO $260,000,000.00, THE AGGREGATE AMOUNT OF BONDS THAT MAY BE ISSUED UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT; TO AMEND SECTION 57-61-34, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $5,000,000.00 TO $7,000,000.00, THE AMOUNT OF BOND PROCEEDS THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY MAKE AVAILABLE UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT AS INTEREST BEARING LOANS TO AID IN THE ESTABLISHMENT OF BUSINESS INCUBATION CENTERS AND THE CREATION OF NEW AND EXPANDING TECHNOLOGY-BASED BUSINESS AND INDUSTRY; TO AMEND SECTION 57-61-36, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $6,500,000.00 TO $8,500,000.00, THE AMOUNT OF BOND PROCEEDS THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY USE UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT FOR THE PURPOSE OF MAKING GRANTS AND LOANS TO COUNTIES AND MUNICIPALITIES TO AID IN INFRASTRUCTURE RELATED IMPROVEMENTS, THE PURCHASE OF EQUIPMENT AND THE PURCHASE, CONSTRUCTION, REPAIR AND RENOVATION OF PUBLIC FACILITIES; TO EXTEND THE DATE OF REPEAL ON THE PROVISION OF LAW THAT AUTHORIZES THE MISSISSIPPI DEVELOPMENT AUTHORITY TO USE A PORTION OF THE BOND PROCEEDS UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT TO MAKE INTEREST-BEARING LOANS TO CERTAIN ENTITIES THROUGH A HOUSING DEVELOPMENT REVOLVING LOAN FUND FOR LOW TO MODERATE INCOME HOUSING PURPOSES; TO PROVIDE FOR THE REPEAL OF THE PROVISION THAT REQUIRES THE MISSISSIPPI DEVELOPMENT AUTHORITY TO USE NOT MORE THAN $750,000.00 OF BOND PROCEEDS UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT FOR THE PURPOSE OF ESTABLISHING AN INTERMEDIARY RELENDING PROGRAM; TO AMEND SECTION 57-61-15, MISSISSIPPI CODE OF 1972, TO REVISE THE PERCENTAGE OF BOND PROCEEDS UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT WHICH MUST BE ALLOCATED TO SMALL COMMUNITIES; TO AMEND SECTION 57-61-42, MISSISSIPPI CODE OF 1972, WHICH REQUIRES THE MISSISSIPPI DEVELOPMENT AUTHORITY TO USE NOT MORE THAN $3,500,000.00 OF BOND PROCEEDS UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT FOR THE PURPOSE OF PROVIDING JOB SERVICES IN CERTAIN AREAS OF THE STATE, TO PROVIDE FOR THE REPEAL OF SUCH SECTION; TO AMEND SECTION 57-75-5, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "PROJECT" FOR PURPOSES OF THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT TO REVISE THE TYPE OF JOBS THAT MAY BE CONSIDERED IN DETERMINING WHETHER A PROJECT MEETS THE MINIMUM JOBS REQUIREMENT FOR CERTAIN PROJECTS UNDER SUCH ACT; TO REVISE THE DEFINITION OF THE TERM "PROJECT" UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT TO INCLUDE ANY MAJOR CAPITAL PROJECT RELATED TO THE ESTABLISHMENT, IMPROVEMENT, EXPANSION AND/OR OTHERWISE ENHANCEMENT OF ANY ACTIVE DUTY MILITARY INSTALLATION AND HAVING A MINIMUM CAPITAL INVESTMENT FROM ANY SOURCE OR COMBINATION OF SOURCES OTHER THAN THE STATE OF MISSISSIPPI, OF AT LEAST $40,000,000.00, AND WHICH WILL CREATE AT LEAST FIVE HUNDRED MILITARY INSTALLATION RELATED FULL-TIME JOBS, WHICH JOBS MAY BE MILITARY JOBS, CIVILIAN JOBS OR A COMBINATION OF MILITARY AND CIVILIAN JOBS; TO AMEND SECTION 57-75-15, MISSISSIPPI CODE OF 1972, TO DECREASE THE AMOUNT OF BONDS THAT MAY BE ISSUED FOR CERTAIN PROJECTS UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT AND TO AUTHORIZE THE ISSUANCE OF BONDS FOR CERTAIN PROJECTS UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT; TO AMEND SECTION 69-2-19, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF BONDS THAT MAY BE ISSUED FOR THE EMERGING CROPS FUND; TO EXTEND THE TIME WITHIN WHICH BONDS MAY BE ISSUED FOR THE EMERGING CROPS FUND; AND FOR RELATED PURPOSES.
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