MS HB1618 | 2015 | Regular Session

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 9-3)
Status: Failed on March 17 2015 - 100% progression
Action: 2015-03-17 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]

Summary

An Act To Create The Mississippi Main Street Investment Act; To Provide Definitions For This Act; To Create The Mississippi Main Street Investment Loan Fund; To Require The Mississippi Development Authority To Establish A Program To Make Loans To Municipalities To Assist With Maintaining And Improving The Viability Of Revitalization Zones; To Require A Municipality Desiring A Loan Under This Act To Submit An Application To The Mississippi Development Authority; To Provide That The Mississippi Development Authority Shall Review The Application Of A Municipality In Order To Confirm That The Revitalization Zone Meets The Requirements Of This Act; To Provide That The Mississippi Development Authority Shall Establish A Deadline For The Submission Of Applications During A State Fiscal Year; To Provide That If A Municipality In Which A Revitalization Zone Is Located Receives A Loan Under This Section, Then The Sales Tax Revenue Collected Within A Revitalization Zone Shall Be Allocated For Distribution To The Municipality In Which The Revitalization Zone Is Located And Paid To The Municipality; To Authorize The Mississippi Development Authority With All Powers Necessary To Implement And Administer The Program Authorized By This Act; To Amend Section 27-65-75, Mississippi Code Of 1972, To Conform To The Provisions Of This Act; To Authorize The Issuance Of State General Obligation Bonds In The Amount Of $5,000,000.00 And Provide That The Proceeds Of Such Bonds Shall Be Deposited Into The Mississippi Main Street Investment Loan Fund; And For Related Purposes.

Tracking Information

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Title

Mississippi Main Street Investment Act; create.

Sponsors


Roll Calls

2015-02-24 - House - House Passed (Y: 118 N: 2 NV: 2 Abs: 0) [PASS]

History

DateChamberAction
2015-03-17SenateDied In Committee
2015-03-04SenateReferred To Finance
2015-02-25HouseTransmitted To Senate
2015-02-24HousePassed
2015-02-24HouseAmendment Failed
2015-02-24HouseTitle Suff Do Pass
2015-02-18HouseReferred To Ways and Means

Mississippi State Sources


Bill Comments

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