Bill Text | History of Actions | Amendments | Background | Title |
Description: Disaster relief; establish the Hurricane Katrina Disaster Small Business Bridge Loan Program.
Bill Text: [Introduced] [Passed Senate]
| 1 | 09/27 (S) Referred To Finance | |
| 2 | 09/28 (S) Title Suff Do Pass | |
| 3 | 09/28 (S) Amended | |
| 4 | 09/28 (S) Passed As Amended | |
| 5 | 09/28 (S) Immediate Release | |
| 6 | 09/28 (S) Transmitted To House | |
| 7 | 09/28 (H) Referred To Ways and Means | |
| 8 | 09/29 (H) Title Suff Do Pass As Amended | |
| 9 | 09/30 (H) Amended | |
| 10 | 09/30 (H) Passed As Amended | |
| 11 | 09/30 (H) Immediate Release | |
| 12 | 09/30 (H) Returned For Concurrence | |
| 13 | 10/03 (S) Decline to Concur/Invite Conf | |
| 14 | 10/04 (S) Conferees Named Robertson,Doxey,Clarke | |
| 15 | 10/04 (H) Conferees Named Watson,Compretta,Reeves | |
| 16 | 10/07 (S) Died In Conference |
| Adopted | [S] | Amendment No 1 |
| Adopted | [H] | Committee Amendment No 1 |
| [H] | Amendment Report for Senate Bill No. 2003 |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | None | |
| Revenue | No | |
| Vote type required | Three/Fifths |
Senate Committee:
House Committee:
Principal Author: Robertson
Additional Authors: Little, Albritton, Brown, Browning, Burton, Butler, Carmichael, Chaney, Clarke, Davis, Dawkins, Dearing, Doxey, Flowers, Frazier, Gollott, Hewes, Horhn, Hyde-Smith, Jackson (11th), Jackson (15th), Jackson (32nd), Jordan, King, Kirby, Lee (35th), Lee (47th), Mettetal, Moffatt, Morgan, Pickering, Ross, Simmons, Thomas, Walls, White, Harden, Cuevas
Title: AN ACT TO ESTABLISH THE HURRICANE KATRINA DISASTER SMALL BUSINESS BRIDGE LOAN ACT TO PROVIDE SHORT-TERM LOANS FOR SMALL BUSINESSES THAT SUFFERED 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; 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 A 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 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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