Bill Text | History of Actions | Background | Title |
Description: Disaster assistance; establish the Emergency Aid to Local Governments Loan Program.
Bill Text: [Introduced] [Committee Substitute] [Passed Senate]
| 1 | 09/27 (S) Referred To Appropriations | |
| 2 | 09/29 (S) Title Suff Do Pass Comm Sub | |
| 3 | 09/30 (S) Committee Substitute Adopted | |
| 4 | 09/30 (S) Passed | |
| 5 | 09/30 (S) Immediate Release | |
| 6 | 09/30 (S) Transmitted To House | |
| 7 | 09/30 (H) Referred To Ways and Means | |
| 8 | 10/07 (H) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | None | |
| Revenue | No | |
| Vote type required | Three/Fifths |
Senate Committee:
House Committee:
Principal Author: Gordon
Additional Authors: Little, Burton, Dawkins, Frazier, Gollott, Jackson (11th), Jackson (32nd), Jordan
Code Sections: A 027-0033-0077, A 027-0065-0075
Title: AN ACT TO ESTABLISH AN EMERGENCY AID TO LOCAL GOVERNMENTS LOAN PROGRAM FOR THE PURPOSE OF ASSISTING COUNTIES, INCORPORATED MUNICIPALITIES AND PUBLIC SCHOOL DISTRICTS THAT SUFFER REVENUE LOSSES AS A RESULT OF A NATURAL DISASTER FOR WHICH A STATE OF EMERGENCY HAS BEEN DULY PROCLAIMED; TO PROVIDE THAT THE PROGRAM SHALL BE ADMINISTERED BY THE DEPARTMENT OF FINANCE AND ADMINISTRATION; TO CREATE THE EMERGENCY AID TO LOCAL GOVERNMENTS LOAN FUND; TO ESTABLISH THE MAXIMUM AMOUNT OF ANY LOAN UNDER THIS PROGRAM; TO PROVIDE THAT A COUNTY OR SCHOOL DISTRICT THAT RECEIVES A LOAN FROM THE FUND SHALL PLEDGE FOR REPAYMENT OF THE LOAN ANY PART OF THE HOMESTEAD EXEMPTION ANNUAL TAX LOSS REIMBURSEMENT TO WHICH IT MAY BE ENTITLED; TO PROVIDE THAT AN INCORPORATED MUNICIPALITY THAT RECEIVES A LOAN FROM THE FUND OR THE EMERGENCY FUND SHALL PLEDGE FOR REPAYMENT OF THE LOAN ANY PART OF THE SALES TAX REVENUE DISTRIBUTION TO WHICH IT MAY BE ENTITLED; TO MAKE IT CLEAR THAT EVIDENCES OF INDEBTEDNESS WHICH ARE ISSUED PURSUANT TO THIS ACT SHALL NOT BE DEEMED INDEBTEDNESS WITHIN THE MEANING OF CERTAIN DEBT LIMITATIONS; TO GRANT TO THE DEPARTMENT OF FINANCE AND ADMINISTRATION CERTAIN POWERS AND DUTIES WITH REGARD TO THIS ACT; TO AUTHORIZE THE STATE BOND COMMISSION TO DECLARE THE NECESSITY FOR SPECIAL FUNDS TO FUND THE LOANS UNDER THIS PROGRAM; TO AUTHORIZE THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO MAKE TRANSFERS FROM THE DISASTER RECOVERY FUND FOR THE PURPOSE OF FUNDING THE LOANS UNDER THIS PROGRAM; TO AUTHORIZE THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO ISSUE WARRANTS TO MAKE LOANS UNDER THIS PROGRAM; TO PROVIDE FOR THE DISPOSITION OF ANY UNNEEDED STATE FUNDS IN THE LOAN FUND; TO AMEND SECTIONS 27-33-77 AND 27-65-75, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
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