Bill Text | History of Actions | Background | Title |
Description: Tax Increment Financing Act; a developer may be reimbursed for private portion of a project if municipality makes certain findings.
Bill Text: [Introduced] [Passed Senate]
| 1 | 01/15 (S) Referred To Finance | |
| 2 | 01/30 (S) Title Suff Do Pass | |
| 3 | 02/01 (S) Passed {Vote} | |
| 4 | 02/02 (S) Transmitted To House | |
| 5 | 02/14 (H) Referred To Ways and Means | |
| 6 | 02/27 (H) Died In Committee |
| Effective date | July 1, 2007 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
Senate Committee:
House Committee:
Principal Author: Clarke
Additional Authors: Gollott, Jackson (11th), Jackson (32nd), Jordan, Thames, Thomas
Code Section: A 021-0045-0009
Title: AN ACT TO AMEND SECTION 21-45-9, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE CONDITION THAT A PORTION OF A REDEVELOPMENT PROJECT CONSTRUCTED UNDER THE TAX INCREMENT FINANCING WITH PRIVATE FUNDS IN ADVANCE OF THE ISSUANCE OF BONDS MAY BE REIMBURSED ONLY IF THE DEVELOPER DEDICATES THE PROJECT TO THE MUNICIPALITY, SHALL NOT APPLY TO THE PRIVATELY OWNED PORTION OF A REDEVELOPMENT PROJECT WHERE THE GOVERNING BODY OF A MUNICIPALITY MAKES A FINDING THAT IT IS IN THE BEST INTEREST OF THE MUNICIPALITY THAT THE CONDITION NOT APPLY; AND FOR RELATED PURPOSES.
End Of Document
2007/html/History/SB/SB2737.htm