House Bill 1723

AN ACT TO ESTABLISH AN ENERGY INFRASTRUCTURE REVOLVING LOAN PROGRAM TO BE ADMINISTERED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY FOR THE PURPOSE OF ASSISTING COUNTIES AND MUNICIPALITIES IN MAKING INFRASTRUCTURE IMPROVEMENTS RELATED TO CERTAIN FACILITIES THAT CONVERT MISSISSIPPI FEEDSTOCK TO ANY FORM OF ENERGY THAT IS PRODUCED FOR RESALE OR IN SITE PREPARATION ON PROPERTY OWNED BY THE ENTERPRISE OWNING OR OPERATING SUCH A FACILITY; TO CREATE THE ENERGY INFRASTRUCTURE REVOLVING LOAN FUND FROM WHICH LOANS FOR SUCH PURPOSES SHALL BE MADE TO COUNTIES AND MUNICIPALITIES AND TO PROVIDE THAT LOAN REPAYMENTS UNDER THE PROGRAM SHALL BE DEPOSITED INTO SUCH FUND; TO PROVIDE THAT A COUNTY THAT RECEIVES A LOAN FROM THE REVOLVING LOAN FUND SHALL PLEDGE FOR REPAYMENT OF THE LOAN ANY PART OF THE HOMESTEAD EXEMPTION ANNUAL TAX LOSS REIMBURSEMENT TO WHICH IT MAY BE ENTITLED; TO PROVIDE THAT AN INCORPORATED MUNICIPALITY THAT RECEIVES A LOAN FROM THE REVOLVING LOAN FUND SHALL PLEDGE FOR REPAYMENT OF THE LOAN ANY PART OF THE SALES TAX REVENUE DISTRIBUTION TO WHICH IT MAY BE ENTITLED; TO PROVIDE THAT EVIDENCES OF INDEBTEDNESS WHICH ARE ISSUED PURSUANT TO THIS ACT SHALL NOT BE DEEMED INDEBTEDNESS FOR PURPOSES OF ANY STATUTORY DEBT LIMITATION; TO GIVE THE MISSISSIPPI DEVELOPMENT AUTHORITY CERTAIN POWERS AND DUTIES UNDER THE PROGRAM; TO AUTHORIZE THE ISSUANCE OF GENERAL OBLIGATION BONDS IN THE AMOUNT OF $30,000,000.00 TO PROVIDE FUNDS FOR LOANS UNDER THE PROGRAM; 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 Feb 23 – Feb 25

1. Feb 23Referred to the House committee on Ways and Means
2. Feb 25Died in committee in the House