MS HB1598 | 2016 | Regular Session
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Failed on April 5 2016 - 100% progression
Action: 2016-04-05 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Failed on April 5 2016 - 100% progression
Action: 2016-04-05 - 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.
Title
Mississippi Main Street Investment Act; create.
Sponsors
Roll Calls
2016-03-15 - House - House Passed As Amended (Y: 117 N: 4 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2016-04-05 | Senate | Died In Committee |
| 2016-03-28 | Senate | Referred To Finance |
| 2016-03-17 | House | Transmitted To Senate |
| 2016-03-15 | House | Passed As Amended |
| 2016-03-15 | House | Amended |
| 2016-03-15 | House | Committee Substitute Adopted |
| 2016-03-10 | House | Title Suff Do Pass Comm Sub |
| 2016-03-07 | House | Referred To Ways and Means |
