Mississippi House Bill 1573 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on February 25 2015 - 100% progression
Action: 2015-02-25 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Establish The Small Business Participating Loan Program To Be Administered By The Mississippi Development Authority; To Provide That The Program Shall Provide Loans To Small Businesses For The Purpose Of Encouraging The Extension Of Conventional Financing And The Issuance Of Letters Of Credit To Small Businesses By Private Institutions; To Provide That The Amount Of A Loan To A Small Business Under The Program Shall Not Exceed 50% Of The Total Cost Of The Project For Which Financing Is Sought Or $100,000.00, Whichever Is Less; To Create The Mississippi Small Business Participating Loan Program Revolving Fund In The State Treasury From Which Money To Make The Loans Under The Program Shall Be Drawn; To Authorize The Issuance Of General Obligation Bonds In The Amount Of $50,000,000.00 To Provide Funds For The Program; And For Related Purposes.

Small business participating loan program; create and authorize issuance of bonds for.

Rep. Tom Miles [D]

Date	Chamber	Action
2015-02-25	House	Died In Committee
2015-02-18	House	Referred To Ways and Means

Type	Source
Summary	https://billstatus.ls.state.ms.us/2015/pdf/history/HB/HB1573.xml
Text	https://billstatus.ls.state.ms.us/documents/2015/html/HB/1500-1599/HB1573IN.htm