MS SB3178 | 2010 | Regular Session
Status
Completed Legislative Action
Sponsorship: Bipartisan Bill
Status: Failed on March 16 2010 - 100% progression
Action: 2010-03-16 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]
Sponsorship: Bipartisan Bill
Status: Failed on March 16 2010 - 100% progression
Action: 2010-03-16 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]
Summary
An Act To Establish The Mississippi 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 Any Single 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 $23,000,000.00 To Provide Funds For The Program; To Amend Section 57-10-505, Mississippi Code Of 1972, To Revise The Definition Of The Term "small Business" Under The Mississippi Small Business Assistance Act; To Amend Section 57-10-511, Mississippi Code Of 1972, To Revise The Amount That Planning And Development Districts And Qualified Entities May Retain To Aid In The Administration And Management Of The Mississippi Small Business Assistance Program; And For Related Purposes.
Title
Small business; authorize a loan program to encourage extension of conventional financing.
Sponsors
| Sen. Bob Dearing [D] | Sen. Dean Kirby [R] |
Roll Calls
2010-02-24 - Senate - Senate Passed (Y: 51 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2010-03-16 | Died In Committee | |
| 2010-03-01 | Referred To Ways and Means | |
| 2010-02-25 | Transmitted To House | |
| 2010-02-24 | Passed | |
| 2010-02-23 | Title Suff Do Pass | |
| 2010-02-18 | Referred To Finance |
