Mississippi House Bill 1411 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on February 23 2011 - 100% progression
Action: 2011-02-23 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Amend Section 57-61-25, Mississippi Code Of 1972, To Increase From $323,100,000.00 To $328,900,000.00 The Amount Of General Obligation Bonds That May Be Issued Under The Mississippi Business Investment Act; To Amend Section 57-61-36, Mississippi Code Of 1972, To Increase From $32,500,000.00 To $37,500,000.00 The Amount Of Bond Proceeds That The Mississippi Development Authority May Utilize Under The Mississippi Business Investment Act To Make Loans Or Grants To Counties And Municipalities Through An Equipment And Public Facilities Grant And Loan Fund To Aid In Infrastructure-related Improvements, The Purchase Of Equipment And In The Purchase, Construction Or Repair And Renovation Of Public Facilities; To Increase From $750,000.00 To $1,550,000.00 The Amount Of Bond Proceeds That The Mississippi Development Authority May Utilize Under The Mississippi Business Investment Act For The Purpose Of Making Payments To Loan Loss Reserve Accounts Established At Financial Institutions That Participate In The Capital Access Program Established By The Authority; And For Related Purposes.

Bonds; increase amount authorized under MS Business Investment Act for loans/grants to cities/counties for infrastructure.

Rep. Percy Watson [D]

Date	Chamber	Action
2011-02-23		Died In Committee
2011-01-21		Referred To Ways and Means

Type	Source
Summary	https://billstatus.ls.state.ms.us/2011/pdf/history/HB/HB1411.xml
Text	https://billstatus.ls.state.ms.us/documents/2011/html/HB/1400-1499/HB1411IN.htm