Bill Text | History of Actions | Amendments | Background | Title |
Description: Mississippi Business Investment Act; increase amount of bonds authorized for and revise use of bond proceeds.
Bill Text: [Introduced] [Passed Senate]
| 1 | 01/31 (S) Referred To Finance | |
| 2 | 02/13 (S) Title Suff Do Pass | |
| 3 | 02/20 (S) Passed | |
| 4 | 02/21 (S) Transmitted To House | |
| 5 | 02/24 (H) Referred To Ways and Means | |
| 6 | 03/12 (H) Title Suff Do Pass As Amended | |
| 7 | 03/13 (H) Amended | |
| 8 | 03/13 (H) Passed As Amended | |
| 9 | 03/14 (H) Returned For Concurrence | |
| 10 | 03/17 (S) Decline to Concur/Invite Conf | |
| 11 | 03/21 (S) Conferees Named Minor,Nunnelee,Tollison | |
| 12 | 03/25 (H) Conferees Named Morris,Formby,Fredericks | |
| 13 | 03/31 (S) Died In Conference |
| Adopted | [H] | Amendment No 1 |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
Senate Committee:
House Committee:
Principal Author: Minor
Code Sections: A 057-0061-0025, A 057-0061-0034, A 057-0061-0036, A 057-0061-0041, A 057-0061-0015
Title: AN ACT TO AMEND SECTION 57-61-25, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $280,000,000.00 TO $290,000,000.00 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 $7,000,000.00 TO $9,000,000.00 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 $10,500,000.00 TO $12,500,000.00 THE AMOUNT OF BOND PROCEEDS THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY USE UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT FOR THE PURPOSE OF MAKING GRANTS TO COUNTIES AND MUNICIPALITIES UNDER THE DEVELOPMENT INFRASTRUCTURE GRANT PROGRAM; TO AMEND SECTION 57-61-41, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $8,000,000.00 TO $12,000,000.00 THE AMOUNT OF BOND PROCEEDS THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY USE UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT FOR THE PURPOSE OF PROVIDING LOANS TO STATE, COUNTY AND MUNICIPAL PORT AUTHORITIES AND AIRPORT AUTHORITIES THROUGH THE PORT REVITALIZATION REVOLVING LOAN FUND; TO AMEND SECTION 57-61-15, MISSISSIPPI CODE OF 1972, TO EXTEND THE REVERTER ON THE PROVISION THAT REQUIRES THAT A MINIMUM OF 15% CERTAIN BOND PROCEEDS UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT BE ALLOCATED TO SMALL COMMUNITIES; AND FOR RELATED PURPOSES.
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2003/html/History/SB/SB2890.htm