Bill Text | History of Actions | Background | Title |
Description: MS Development Authority; authorize to take actions and expend funds to preserve state's interest regarding certain projects.
Bill Text: [Introduced]
| 1 | 01/17 (H) Referred To Ways and Means | |
| 2 | 02/01 (H) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Watson
Code Sections: A 057-0001-0055, A 069-0046-0007
Title: AN ACT TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO TAKE ACTIONS IT DETERMINES TO BE APPROPRIATE IN ORDER TO PRESERVE THE STATE'S INTEREST IN CERTAIN AGRIBUSINESS ENTERPRISE PROJECTS AND ASSETS OF SUCH PROJECTS FOR WHICH THE STATE ENTERED INTO A LOAN GUARANTY OR OTHER AGREEMENT ON BEHALF OF UNDER THE EMERGING CROPS PROGRAM; TO PROVIDE THAT SUCH ACTIONS INCLUDE ACQUIRING, MARKETING, PROMOTING AND CONVEYING, SELLING, LEASING OR OTHERWISE TRANSFERRING OR DISPOSING OF SUCH PROJECT AND ASSETS; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ACQUIRE SUCH PROJECT AND ASSETS FROM ANY ENTITY AND IN ANY MANNER IT DETERMINES TO BE APPROPRIATE AND TO CONVEY, SELL, LEASE OR OTHERWISE TRANSFER OR DISPOSE OF SUCH PROJECT AND ASSETS IN A SIMILAR MANNER; TO CREATE A SPECIAL FUND IN THE STATE TREASURY FROM WHICH THE MISSISSIPPI DEVELOPMENT AUTHORITY TO EXPEND MONIES FOR SUCH PURPOSES; TO TRANSFER $5,000,000.00 FROM THE MISSISSIPPI LAND, WATER AND TIMBER RESOURCES FUND TO THE SPECIAL FUND CREATED IN THIS ACT; TO AMEND SECTIONS 57-1-55 AND 69-46-7, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO THE PROVISIONS OF THIS ACT.
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2005/html/History/HB/HB1159.htm