Bill Text | History of Actions | Background | Title |
Description: State loan programs; hold in abeyance certain loans made by borrowers in six most southern counties.
Bill Text: [Introduced]
| 1 | 01/15 (H) Referred To Sel Cmte on Hurricane Recovery | |
| 2 | 01/30 (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: Compretta
Code Sections: A 041-0003-0016, A 049-0017-0065, A 049-0017-0069, A 049-0017-0085, A 049-0017-0086, A 057-0001-0303, A 057-0044-0007, A 057-0061-0041
Title: AN ACT TO AMEND SECTIONS 41-3-16, 49-17-65, 49-17-69, 49-17-85, 49-17-86, 57-1-303, 57-44-7 AND 57-61-41, MISSISSIPPI CODE OF 1972, TO REQUIRE THE RENEGOTIATION OF LOANS MADE UNDER THE LOCAL GOVERNMENTS AND RURAL WATER SYSTEMS IMPROVEMENTS REVOLVING LOAN AND GRANT PROGRAM, THE WATER POLLUTION ABATEMENT LOAN PROGRAM, THE WATER POLLUTION CONTROL REVOLVING FUND, THE WATER POLLUTION CONTROL EMERGENCY LOAN FUND, THE LOCAL GOVERNMENTS CAPITAL IMPROVEMENTS REVOLVING LOAN FUND, THE LOCAL GOVERNMENTS FREIGHT RAIL SERVICE PROJECT REVOLVING LOAN FUND AND THE PORT REVITALIZATION REVOLVING LOAN FUND, TO THE SIX MOST SOUTHERN COUNTIES OF THE STATE COVERED BY THE PRESIDENTIAL DECLARATION OF MAJOR DISASTER FOR THE STATE OF MISSISSIPPI (FEMA-1604-DR) DATED AUGUST 29, 2005, AND TO POLITICAL SUBDIVISIONS AND CERTAIN OTHER ENTITIES LOCATED IN SUCH COUNTIES; TO PROVIDE THAT THE REPAYMENT OF THE PRINCIPAL AND INTEREST ON SUCH A LOAN SHALL BE HELD IN ABEYANCE UNTIL THE LAW AUTHORIZING THE LOAN IS AMENDED TO PROVIDE OTHERWISE, PROVIDED THAT THE BORROWER IS UNABLE TO PAY THE PRINCIPAL AND INTEREST ON THE LOAN BECAUSE OF THE DESTRUCTION OF OR DAMAGE TO IMPROVEMENTS OR STRUCTURES CAUSED BY HURRICANE KATRINA, OR BECAUSE OF ECONOMIC CONDITIONS BROUGHT ABOUT BY THE EFFECTS OF HURRICANE KATRINA; AND FOR RELATED PURPOSES.
End Of Document
2007/html/History/HB/HB1339.htm