MISSISSIPPI LEGISLATURE

1997 Regular Session

To: Rules

By: Senator(s) Hall, Horhn

A CONCURRENT RESOLUTION SUSPENDING THE DEADLINES FOR THE PURPOSE OF THE FURTHER CONSIDERATION AND PASSAGE OF SENATE BILL NO. 2151, 1997 REGULAR SESSION, ENTITLED "AN ACT TO CREATE THE MISSISSIPPI BUSINESS INCUBATOR ASSISTANCE ACT; TO ESTABLISH UNDER THE DIRECTION OF THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT THE MISSISSIPPI BUSINESS INCUBATOR ASSISTANCE PROGRAM FOR THE PURPOSE OF MAKING GRANTS TO THE MISSISSIPPI BUSINESS INCUBATOR ASSOCIATION FOR ITS USE IN PROVIDING ASSISTANCE TO SMALL BUSINESSES AND FOR THE PURPOSE OF PROVIDING FUNDS FOR THE DEVELOPMENT AND EXPANSION OF BUSINESS INCUBATION CENTERS; TO PROVIDE THAT THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT SHALL DETERMINE THE AMOUNT OF THE GRANT TO THE MISSISSIPPI BUSINESS INCUBATOR ASSOCIATION; TO ESTABLISH THE TERMS AND CONDITIONS OF SUCH GRANT; TO PROVIDE THAT ANY FUNDS AVAILABLE PURSUANT TO THE PROVISIONS OF THIS ACT THAT THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT DETERMINES NOT TO BE NECESSARY FOR GRANTS TO THE MISSISSIPPI BUSINESS INCUBATOR ASSOCIATION MAY BE USED BY THE DEPARTMENT FOR GRANTS FOR THE DEVELOPMENT AND EXPANSION OF SMALL BUSINESS INCUBATION CENTERS AND THEIR NEEDED SUPPORT ACTIVITIES; TO PROVIDE CRITERIA THAT A BUSINESS MUST MEET IN ORDER TO BE ELIGIBLE FOR ASSISTANCE; TO REQUIRE THE MISSISSIPPI BUSINESS INCUBATOR ASSOCIATION TO ESTABLISH A SMALL BUSINESS ASSISTANCE REVIEW BOARD TO REVIEW ASSISTANCE APPLICATION AND ESTABLISH THE TERMS AND CONDITIONS UPON WHICH ASSISTANCE MAY BE PROVIDED; TO PROVIDE FOR THE ISSUANCE OF $5,000,000.00 IN GENERAL OR LIMITED OBLIGATION BONDS OF THE STATE TO FUND THE PROGRAM; AND FOR RELATED PURPOSES." 

BE IT RESOLVED BY THE SENATE OF THE STATE OF MISSISSIPPI, THE HOUSE OF REPRESENTATIVES CONCURRING THEREIN, That the following bill is hereby exempt from the timetable for consideration of bills provided by Joint Rule No. 40, and that consent is hereby given for further consideration of Senate Bill No. 2151, 1997 Regular Session, entitled "AN ACT TO CREATE THE MISSISSIPPI BUSINESS INCUBATOR ASSISTANCE ACT; TO ESTABLISH UNDER THE DIRECTION OF THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT THE MISSISSIPPI BUSINESS INCUBATOR ASSISTANCE PROGRAM FOR THE PURPOSE OF MAKING GRANTS TO THE MISSISSIPPI BUSINESS INCUBATOR ASSOCIATION FOR ITS USE IN PROVIDING ASSISTANCE TO SMALL BUSINESSES AND FOR THE PURPOSE OF PROVIDING FUNDS FOR THE DEVELOPMENT AND EXPANSION OF BUSINESS INCUBATION CENTERS; TO PROVIDE THAT THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT SHALL DETERMINE THE AMOUNT OF THE GRANT TO THE MISSISSIPPI BUSINESS INCUBATOR ASSOCIATION; TO ESTABLISH THE TERMS AND CONDITIONS OF SUCH GRANT; TO PROVIDE THAT ANY FUNDS AVAILABLE PURSUANT TO THE PROVISIONS OF THIS ACT THAT THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT DETERMINES NOT TO BE NECESSARY FOR GRANTS TO THE MISSISSIPPI BUSINESS INCUBATOR ASSOCIATION MAY BE USED BY THE DEPARTMENT FOR GRANTS FOR THE DEVELOPMENT AND EXPANSION OF SMALL BUSINESS INCUBATION CENTERS AND THEIR NEEDED SUPPORT ACTIVITIES; TO PROVIDE CRITERIA THAT A BUSINESS MUST MEET IN ORDER TO BE ELIGIBLE FOR ASSISTANCE; TO REQUIRE THE MISSISSIPPI BUSINESS INCUBATOR ASSOCIATION TO ESTABLISH A SMALL BUSINESS ASSISTANCE REVIEW BOARD TO REVIEW ASSISTANCE APPLICATION AND ESTABLISH THE TERMS AND CONDITIONS UPON WHICH ASSISTANCE MAY BE PROVIDED; TO PROVIDE FOR THE ISSUANCE OF $5,000,000.00 IN GENERAL OR LIMITED OBLIGATION BONDS OF THE STATE TO FUND THE PROGRAM; AND FOR RELATED PURPOSES."