Bill Text | History of Actions | Background | Title |
Description: Agribusinesses; provide for issuance of bonds to provide loans to for damage from 2005 natural disaster.
Bill Text: [Introduced]
| 1 | 02/05 (H) Referred To Ways and Means | |
| 2 | 02/21 (H) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Lane
Code Sections: A 069-0002-0013, A 069-0002-0019
Title: AN ACT TO AMEND SECTION 69-2-13, MISSISSIPPI CODE OF 1972, TO DIRECT THE MISSISSIPPI DEVELOPMENT AUTHORITY TO PROVIDE FOR A PROGRAM OF LOANS TO AGRIBUSINESSES THAT SUSTAINED A CERTAIN AMOUNT OF DAMAGE AS A RESULT OF A NATURAL DISASTER THAT OCCURRED IN CALENDAR YEAR 2005 AND FOR WHICH A PORTION OF THE DAMAGE WAS NOT REIMBURSED BY INSURANCE; TO SPECIFY THE CONDITIONS THAT AN AGRIBUSINESS MUST MEET TO BE ELIGIBLE FOR A LOAN UNDER THE PROGRAM; TO SPECIFY THE MAXIMUM AMOUNT OF A LOAN THAT MAY BE MADE TO AN AGRIBUSINESS UNDER THE PROGRAM; TO SPECIFY THE PURPOSES FOR WHICH THE PROCEEDS OF A LOAN MAY BE USED; TO PROVIDE THAT MONIES TO MAKE THE LOANS UNDER THE PROGRAM SHALL BE DRAWN FROM THE EMERGING CROPS FUND AND SHALL NOT EXCEED $10,000,000.00 IN THE AGGREGATE; TO PROVIDE THAT NO INTEREST SHALL BE CHARGED ON LOANS MADE UNDER THE PROGRAM; TO AMEND SECTION 69-2-19, MISSISSIPPI CODE OF 1972, TO INCREASE THE MAXIMUM AMOUNT OF STATE GENERAL OBLIGATION BONDS THAT MAY BE ISSUED TO PROVIDE FUNDS FOR THE EMERGING CROPS FUND BY $10,000,000.00; AND FOR RELATED PURPOSES.
End Of Document
2007/html/History/HB/HB1615.htm