Bill Text | History of Actions | Amendments | Background | Title |
Description: Disaster relief; establish Disaster Small Business Bridge Loan Program.
Bill Text: [Introduced] [Committee Substitute] [Passed House] [Sent to Governor]
| 1 | 09/28 (H) Referred To Ways and Means | |
| 2 | 09/28 (H) Title Suff Do Pass Comm Sub | |
| 3 | 09/28 (H) Committee Substitute Adopted | |
| 4 | 09/28 (H) Amended | |
| 5 | 09/28 (H) Passed As Amended | |
| 6 | 09/28 (H) Immediate Release | |
| 7 | 09/29 (H) Transmitted To Senate | |
| 8 | 09/29 (S) Referred To Finance | |
| 9 | 09/30 (S) Title Suff Do Pass As Amended | |
| 10 | 09/30 (S) Amended | |
| 11 | 09/30 (S) Passed As Amended | |
| 12 | 09/30 (S) Immediate Release | |
| 13 | 09/30 (S) Returned For Concurrence | |
| 14 | 10/04 (H) Decline to Concur/Invite Conf | |
| 15 | 10/04 (H) Conferees Named Watson,Compretta,Reeves | |
| 16 | 10/04 (S) Conferees Named Robertson,Doxey,Clarke | |
| 17 | 10/07 (H) Conference Report Filed | |
| 18 | 10/07 (S) Conference Report Filed | |
| 19 | 10/07 (S) Conference Report Adopted | |
| 20 | 10/07 (H) Conference Report Adopted | |
| 21 | 10/07 (H) Immediate Release | |
| 22 | 10/11 (H) Enrolled Bill Signed | |
| 23 | 10/11 (S) Enrolled Bill Signed | |
| 24 | 10/12 Approved by Governor |
| Adopted | [H] | Amendment No 1 (Cmte Sub) |
| Adopted | [S] | Committee Amendment No 1 |
| Adopted | [S] | Amendment No 1 to Amendment No 1 |
| Adopted | [S] | Amendment No 2 to Amendment No 1 |
| Adopted | [S] | Amendment No 3 to Amendment No 1 |
| [S] | Amendment Report for House Bill No. 41 |
| Conference Report |
| Effective date | Passage | |
| Disposition | Law | |
| Deadline | None | |
| Revenue | No | |
| Vote type required | Three/Fifths | |
| Chapter number | 14 |
House Committee:
Senate Committee:
Principal Author: Brown
Additional Authors: Watson, Akins, Aldridge, Arinder, Bailey, Baker (74th), Baker (8th), Banks, Barnett, Beckett, Bentz, Blackmon, Bondurant, Bounds, Broomfield, Buck, Burnett, Calhoun, Carlton, Chism, Clark, Clarke, Coleman (29th), Coleman (65th), Compretta, Cummings, Davis, Dedeaux, Denny, Dickson, Eaton, Ellington, Ellis, Espy, Evans, Fillingane, Flaggs, Fleming, Formby, Franks, Fredericks, Frierson, Gadd, Gibbs, Gregory, Guice, Hamilton (109th), Hamilton (6th), Harrison, Hines, Holland, Holloway, Howell, Huddleston, Hudson, Ishee, Janus, Jennings, Johnson, Lott, Malone, Markham, Martinson, Masterson, Mayhall, Mayo, McBride, McCoy, Middleton, Miles, Mims, Moak, Montgomery, Moore, Morris, Moss, Myers, Nicholson, Norquist, Parker, Patterson, Peranich, Perkins, Read, Reed, Reeves, Reynolds, Robinson (63rd), Robinson (84th), Rogers (14th), Rogers (61st), Rotenberry, Scott, Shows, Simpson, Smith (27th), Smith (39th), Smith (59th), Snowden, Staples, Stevens, Straughter, Stringer, Sullivan, Thomas, Turner, Upshaw, Vince, Walley, Ward, Warren, Weathersby, Wells-Smith, Whittington, Woods, Young, Zuber
Title: AN ACT TO ESTABLISH THE MISSISSIPPI DISASTER SMALL BUSINESS BRIDGE LOAN ACT TO PROVIDE SHORT-TERM LOANS FOR SMALL BUSINESSES THAT SUFFER PHYSICAL DAMAGE AS A RESULT OF HURRICANE KATRINA TO ASSIST SMALL BUSINESSES IN RETURNING TO BUSINESS AS SOON AS POSSIBLE; TO PROVIDE THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY SHALL ADMINISTER THE LOAN PROGRAM AND SHALL HAVE THE AUTHORITY TO ESTABLISH THE DISASTER LOAN PROGRAM WITH FEDERALLY INSURED FINANCIAL INSTITUTIONS AND OTHER LENDING INSTITUTIONS APPROVED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO PROVIDE THE MINIMUM AND MAXIMUM AMOUNT OF LOANS AUTHORIZED UNDER THIS ACT; TO PROVIDE THE TERM OF SUCH LOANS; TO ESTABLISH CERTAIN ELIGIBILITY REQUIREMENTS FOR THE RECEIPT OF SUCH LOANS; TO PROVIDE THAT UPON THE DETERMINATION OF NEED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY, THE STATE BOND COMMISSION IS AUTHORIZED TO OBTAIN A LINE OF CREDIT IN AN AMOUNT NOT TO EXCEED $25,000,000.00 FOR ANY ONE DISASTER, FROM A COMMERCIAL LENDER, INVESTMENT BANKING GROUP OR A CONSORTIUM OF EITHER OR BOTH, FOR THE PURPOSE OF FUNDING THE LOAN PROGRAM; AND FOR RELATED PURPOSES.
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