Bill Text | History of Actions | Background | Title |
Description: Economic development; create certain technology development programs and authorize bonds to provide funds for.
Bill Text: [Introduced]
| 1 | 02/22 (H) Referred To Ways and Means | |
| 2 | 02/22 (H) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Watson
Title: AN ACT TO ESTABLISH THE CAPITAL SEED INVESTMENT PROGRAM-LEVEL 1 FOR THE PURPOSE OF MAKING ASSISTANCE AVAILABLE TO PROVIDE WORKING CAPITAL TO SUPPORT THE INITIAL CAPITALIZATION OF TECHNOLOGY BASED BUSINESSES IN MISSISSIPPI; TO PROVIDE THAT THE PROGRAM SHALL BE UNDER THE DIRECTION OF THE MISSISSIPPI TECHNOLOGY ALLIANCE; TO ESTABLISH REQUIREMENTS AND GUIDELINES FOR THE PROGRAM; TO ESTABLISH THE CAPITAL SEED INVESTMENT PROGRAM-LEVEL 2 FOR THE PURPOSE OF MAKING ASSISTANCE AVAILABLE TO PROVIDE WORKING CAPITAL TO SUPPORT THE CONTINUED CAPITALIZATION OF TECHNOLOGY BASED BUSINESSES IN MISSISSIPPI; TO PROVIDE THAT THE PROGRAM SHALL BE UNDER THE DIRECTION OF THE MISSISSIPPI TECHNOLOGY ALLIANCE; TO ESTABLISH REQUIREMENTS AND GUIDELINES FOR THE PROGRAM; TO ESTABLISH THE APPLIED RESEARCH PROGRAM FOR THE PURPOSE OF MAKING ASSISTANCE AVAILABLE FOR SEED AND EARLY STAGE CAPITAL TO SMALL AND MEDIUM SIZED MISSISSIPPI BUSINESSES WITH HIGH GROWTH POTENTIAL THAT ARE ENGAGED IN RESEARCH AND DEVELOPMENT ACTIVITIES WITH A MISSISSIPPI UNIVERSITY, COLLEGE AND/OR COMMUNITY/JUNIOR COLLEGE; TO PROVIDE THAT THE PROGRAM SHALL BE UNDER THE DIRECTION OF THE MISSISSIPPI TECHNOLOGY ALLIANCE; TO ESTABLISH REQUIREMENTS AND GUIDELINES FOR THE PROGRAM; TO ESTABLISH THE MISSISSIPPI UNIVERSITY COMMERCIALIZATION PROGRAM FOR THE PURPOSE OF MAKING FUNDS AVAILABLE TO ASSIST FACULTY MEMBERS OF STATE INSTITUTIONS OF HIGHER LEARNING AND COMMUNITY/JUNIOR COLLEGES IN THE COMMERCIALIZATION OF THEIR TECHNOLOGY INTO EMERGING BUSINESSES; TO PROVIDE THAT THE PROGRAM SHALL BE UNDER THE DIRECTION OF THE MISSISSIPPI TECHNOLOGY ALLIANCE; TO ESTABLISH REQUIREMENTS AND GUIDELINES FOR THE PROGRAM; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS FOR THE PURPOSE OF PROVIDING FUNDS FOR THE PROGRAMS CREATED IN THIS ACT; AND FOR RELATED PURPOSES.
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2006/html/History/HB/HB1650.htm