Bill Text: MS HB1581 | 2010 | Regular Session | Introduced
Bill Title: Lowndes County; may enter into certain loan agreements with the USDA for terms of not more than 30 years.
Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: (Failed) 2010-04-28 - Died In Committee [HB1581 Detail]
Download: Mississippi-2010-HB1581-Introduced.html
MISSISSIPPI LEGISLATURE
2010 Regular Session
To: Local and Private Legislation
By: Representatives Chism, Ellis, Gibbs, Harrison, Puckett, Smith (39th)
House Bill 1581
AN ACT TO AUTHORIZE THE BOARD OF SUPERVISORS OF LOWNDES COUNTY, MISSISSIPPI, TO ENTER INTO LOAN AGREEMENTS WITH THE UNITED STATES DEPARTMENT OF AGRICULTURE RURAL DEVELOPMENT FOR TERMS OF NOT MORE THAN 30 YEARS TO FINANCE THE ACQUISITION OF REAL PROPERTY AND OTHERWISE AID IN THE DEVELOPMENT OF THE AEROSPACE PARK IN THE COUNTY; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. The Board of Supervisors of Lowndes County, Mississippi, is authorized and empowered, in its discretion, to enter into loan agreements with the United States Department of Agriculture Rural Development for terms of not more than thirty (30) years and an amount not to exceed Thirteen Million Dollars ($13,000,000.00) to finance the acquisition of real property and otherwise aid in the development of the Aerospace Park in Lowndes County.
SECTION 2. This act shall take effect and be in force from and after its passage.
