House Bill 1580

AN ACT TO AMEND SECTION 57-1-303, MISSISSIPPI CODE OF 1972, TO ABOLISH THE LOCAL GOVERNMENTS BROWNFIELDS REDEVELOPMENT GRANT FUND AND TRANSFER ANY MONEY IN THE FUND TO THE LOCAL GOVERNMENTS CAPITAL IMPROVEMENTS REVOLVING LOAN FUND; TO DELETE THE PROVISIONS THAT REQUIRE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ESTABLISH A LOCAL GOVERNMENTS BROWNFIELDS REDEVELOPMENT GRANT PROGRAM TO PROVIDE FUNDS TO COUNTIES AND INCORPORATED MUNICIPALITIES FOR COORDINATION OF ACTIVITIES RELATED TO BROWNFIELDS REDEVELOPMENT; TO EXTEND UNTIL JULY 1, 2012, THE PROVISION THAT AUTHORIZES THE MISSISSIPPI DEVELOPMENT AUTHORITY TO UTILIZE CERTAIN MONIES IN THE LOCAL GOVERNMENT CAPITAL IMPROVEMENTS REVOLVING LOAN FUND FOR ORDINARY AND NECESSARY GENERAL SUPPORT OF THE AUTHORITY; TO AMEND SECTION 57-1-307, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $105,000,000.00 TO $115,000,000.00 THE AMOUNT OF BONDS THAT MAY BE ISSUED FOR THE GENERAL PURPOSES OF THE LOCAL GOVERNMENTS CAPITAL IMPROVEMENTS REVOLVING LOAN PROGRAM; TO REMOVE THE PROVISION THAT REQUIRES A CERTAIN AMOUNT OF THE BONDS AUTHORIZED TO BE ISSUED BY CHAPTER 497, LAWS OF 2005, BE USED ONLY TO PROVIDE LOANS TO COUNTIES AND MUNICIPALITIES FOR REMEDIATION OF A BROWNFIELDS AGREEMENT SITE; TO DELETE PROVISIONS THAT REQUIRE THAT 50% OF THE INVESTMENT EARNINGS ON THE ADDITIONAL BONDS AUTHORIZED TO BE ISSUED UNDER CHAPTER 497, LAWS OF 2005, BE DEPOSITED INTO THE LOCAL GOVERNMENTS BROWNFIELDS SITE REMEDIATION GRANT FUND; AND FOR RELATED PURPOSES.

In the House of Representatives

• Percy W. Watson

  Sponsor

l9n doesn't hold this bill's text yet.

In the House of Representatives Jan 19 – Feb 25

1. Jan 19Referred to the House committee on Ways and Means
2. Feb 25Died in committee in the House