House Bill 1546

AN ACT TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS FOR THE PURPOSE OF MAKING CAPITAL IMPROVEMENTS FOR STATE INSTITUTIONS OF HIGHER LEARNING, STATE AGENCIES AND COMMUNITY AND JUNIOR COLLEGES; TO AMEND SECTION 25, CHAPTER 533, LAWS OF 2010, AS AMENDED BY SECTION 4, CHAPTER 30, LAWS OF 2010 SECOND EXTRAORDINARY SESSION, AS AMENDED BY SECTION 1, HOUSE BILL NO. 403, 2011 REGULAR SESSION, TO INCREASE BY $20,000,000.00 THE AMOUNT OF BONDS AUTHORIZED TO BE ISSUED FOR THE MISSISSIPPI INDUSTRY INCENTIVE FINANCING REVOLVING FUND; TO AMEND SECTION 57-61-25, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $323,100,000.00 TO $328,900,000.00 THE AMOUNT OF GENERAL OBLIGATION BONDS THAT MAY BE ISSUED UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT; TO AMEND SECTION 57-61-36, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $32,500,000.00 TO $37,500,000.00 THE AMOUNT OF BOND PROCEEDS THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY USE UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT TO MAKE LOANS OR GRANTS TO COUNTIES AND MUNICIPALITIES THROUGH AN EQUIPMENT AND PUBLIC FACILITIES GRANT AND LOAN FUND TO AID IN INFRASTRUCTURE-RELATED IMPROVEMENTS, THE PURCHASE OF EQUIPMENT AND IN THE PURCHASE, CONSTRUCTION OR REPAIR AND RENOVATION OF PUBLIC FACILITIES; TO INCREASE FROM $750,000.00 TO $1,550,000.00 THE AMOUNT OF BOND PROCEEDS THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY USE UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT FOR THE PURPOSE OF MAKING PAYMENTS TO LOAN LOSS RESERVE ACCOUNTS ESTABLISHED AT FINANCIAL INSTITUTIONS THAT PARTICIPATE IN THE CAPITAL ACCESS PROGRAM ESTABLISHED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS IN THE AMOUNT OF $2,000,000.00 TO PROVIDE FUNDS FOR THE MISSISSIPPI RURAL IMPACT FUND; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS IN THE AMOUNT OF $10,000,000.00 TO PROVIDE FUNDS FOR THE MISSISSIPPI EXISTING INDUSTRY PRODUCTIVITY LOAN FUND; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS IN THE AMOUNT OF $10,000,000.00 TO PROVIDE FUNDS FOR THE ACE FUND; TO AMEND SECTIONS 65-4-25, 65-4-29, 65-4-31 AND 65-4-33, MISSISSIPPI CODE OF 1972, TO INCREASE BY $20,000,000.00 THE AMOUNT OF STATE GENERAL OBLIGATION BONDS AUTHORIZED TO BE ISSUED UNDER THE ECONOMIC DEVELOPMENT HIGHWAY ACT; TO EXTEND THE REVERTER ON PROVISIONS THAT AUTHORIZE THE STATE BOND COMMISSION TO NEGOTIATE THE SALE OF BONDS ISSUED UNDER THE ECONOMIC DEVELOPMENT HIGHWAY ACT; TO AUTHORIZE THE ISSUANCE OF $20,000,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE LOCAL SYSTEM BRIDGE REPLACEMENT AND REHABILITATION FUND; TO AUTHORIZE THE ISSUANCE OF $200,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR IMPROVEMENTS TO THE JACKSON ZOO; TO AUTHORIZE THE ISSUANCE OF $6,500,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST IN PAYING A PORTION OF THE COSTS ASSOCIATED WITH THE REPAIR, REHABILITATION, CONSTRUCTION, RECONSTRUCTION, UPGRADING AND IMPROVEMENT OF THE EXISTING RAILROAD LINE AND RELATED FACILITIES RUNNING FROM SOUTHAVEN, MISSISSIPPI, TO A POINT NEAR CANTON, MISSISSIPPI; TO AUTHORIZE THE ISSUANCE OF $1,000,000.00 IN STATE GENERAL OBLIGATION BONDS FOR THE PURPOSE OF PROVIDING FUNDS FOR THE MISSISSIPPI COMMUNITY HERITAGE PRESERVATION GRANT FUND; TO AMEND SECTION 39-5-145, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; TO AUTHORIZE THE ISSUANCE OF $300,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST THE CITY OF MERIDIAN, MISSISSIPPI, IN PAYING COSTS ASSOCIATED WITH MAKING REPAIRS, UPGRADES AND IMPROVEMENTS TO THE CITY'S STORM DRAINAGE INFRASTRUCTURE AND ESTABLISHING CHARLES L. YOUNG SR. FREEDOM PARK IN THE CITY; TO AUTHORIZE THE ISSUANCE OF $200,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST THE CITY OF NATCHEZ, MISSISSIPPI, IN PAYING THE COSTS ASSOCIATED WITH THE NORTH NATCHEZ SURFACE WATER PROJECT AND THE CITY'S STREET OVERLAY PROJECTS; TO AUTHORIZE THE ISSUANCE OF $200,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST THE CITY OF HATTIESBURG, MISSISSIPPI, IN PAYING COSTS ASSOCIATED WITH RESTORATION, REPAIR, RENOVATION AND IMPROVEMENT OF THE OLD EUREKA HIGH SCHOOL BUILDING AND RELATED FACILITIES; TO AUTHORIZE THE ISSUANCE OF $200,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST HATTIESBURG LANDMARK PRESERVATION IN PAYING COSTS ASSOCIATED WITH REPAIR, RENOVATION AND IMPROVEMENT OF THE OLD HATTIESBURG HIGH SCHOOL BUILDING AND RELATED FACILITIES; TO AUTHORIZE THE ISSUANCE OF $1,000,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR IMPROVEMENTS TO THE MISSISSIPPI MUSEUM OF NATURAL SCIENCE; TO AUTHORIZE THE ISSUANCE OF $1,000,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST THE CITY OF CORINTH, MISSISSIPPI, IN PAYING COSTS INCURRED FOR REPAIR, RENOVATION, EXPANSION OF AND IMPROVEMENTS AND ADDITIONS TO THE CURLEE HOUSE AND RELATED FACILITIES, AND TO ASSIST THE SIEGE & BATTLE OF CORINTH COMMISSION IN PAYING COSTS INCURRED IN PURCHASING THE FORMER WEST CORINTH SCHOOL PROPERTY AND CAMPUS IN CORINTH, MISSISSIPPI; TO AUTHORIZE THE ISSUANCE OF $750,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE CONSTRUCTION OF A NEW CABIN AND THE REPAIR AND RENOVATION OF THE MISSISSIPPI FUTURE FARMERS OF AMERICA CENTER IN RAYMOND, MISSISSIPPI; TO AUTHORIZE THE ISSUANCE OF $1,000,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST IN PAYING A PORTION OF THE COSTS ASSOCIATED WITH THE REPAIR, REHABILITATION, CONSTRUCTION, RECONSTRUCTION, UPGRADING AND IMPROVEMENT OF THE EXISTING RAILROAD LINE AND RELATED STRUCTURES AND FACILITIES RUNNING FROM BAY SPRINGS, MISSISSIPPI, TO NEWTON, MISSISSIPPI; TO AUTHORIZE THE ISSUANCE OF $500,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR PREPLANNING THE CONSTRUCTION OF A FOOTBALL STADIUM AND RELATED FACILITIES FOR JACKSON STATE UNIVERSITY; TO AUTHORIZE THE ISSUANCE OF $100,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST THE TOWN OF BYHALIA, MISSISSIPPI, IN PAYING COSTS ASSOCIATED WITH RESTORATION, REPAIR AND RENOVATION OF THE OLD BYHALIA HIGH SCHOOL AUDITORIUM; TO AUTHORIZE THE ISSUANCE OF $300,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST THE CITY OF HOLLY SPRINGS, MISSISSIPPI, IN PAYING COSTS ASSOCIATED WITH MAKING IMPROVEMENTS TO THE CITY'S WASTEWATER TREATMENT INFRASTRUCTURE; TO AMEND SECTIONS 25 THROUGH 40, LAWS OF 2003, WHICH AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE DEPARTMENT OF WILDLIFE, FISHERIES AND PARKS TO DEVELOP MOON LAKE STATE PARK IN COAHOMA COUNTY, MISSISSIPPI, TO PROVIDE THAT THE PROCEEDS OF THE BONDS MAY BE USED TO PROVIDE FUNDS TO ASSIST COAHOMA COUNTY, MISSISSIPPI, IN THE DEVELOPMENT OF A PARK ON PROPERTY TRANSFERRED FROM THE STATE OF MISSISSIPPI TO COAHOMA COUNTY; TO AMEND SECTION 1, CHAPTER 580, LAWS OF 2007, AS LAST AMENDED BY SECTION 56, CHAPTER 557, LAWS OF 2009, TO REVISE THE PURPOSES FOR WHICH THE PROCEEDS OF BONDS AUTHORIZED TO BE ISSUED FOR THE MISSISSIPPI INDUSTRIES FOR THE BLIND MAY BE USED; TO AMEND SECTION 57-1-221, MISSISSIPPI CODE OF 1972, AS AMENDED BY SECTION 3, HOUSE BILL NO. 403, 2011 REGULAR SESSION, TO REVISE THE DEFINITION OF THE TERM "APPROVED BUSINESS ENTERPRISE" FOR PURPOSES OF THE MISSISSIPPI INDUSTRY INCENTIVE FINANCING REVOLVING FUND; TO AMEND SECTION 65-4-5, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "PRIVATE COMPANY" UNDER THE ECONOMIC DEVELOPMENT HIGHWAY ACT TO INCLUDE TOURISM ENTERPRISES; TO AUTHORIZE THE ISSUANCE OF $9,000,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE COMPLETION OF CONSTRUCTION OF A HEADQUARTERS BUILDING FOR THE STATE BOARD FOR COMMUNITY AND JUNIOR COLLEGES; TO AMEND SECTION 27-13-13, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT FOR PURPOSES OF THE FRANCHISE TAX LAW, RECEIPTS FOR SALES TO A MISSISSIPPI DISTRIBUTION FACILITY OF PHARMACEUTICAL PRODUCTS BY CERTAIN MAJOR SUPPLIERS ARE NOT INCLUDED IN THE MISSISSIPPI RECEIPTS IN COMPUTING THE APPORTIONMENT RATIO; TO AMEND SECTION 27-7-17, MISSISSIPPI CODE OF 1972, TO AUTHORIZE AN INCOME TAX DEDUCTION FOR CERTAIN CONTRIBUTIONS OF HUMAN PHARMACEUTICAL PRODUCTS BY CERTAIN MAJOR SUPPLIERS; AND FOR RELATED PURPOSES.

In the House of Representatives

• Percy W. Watson

  Sponsor

• Senate committee amendmentPending

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

In the House of Representatives Feb 22

1. Feb 22Referred to the House committee on Ways and Means
2. Reported from committee in the House: title sufficient, do pass
3. Passed the House

In the Senate Feb 23 – Mar 15

1. Feb 23Sent to the Senate
2. Referred to the Senate committee on Finance
3. Mar 10Reported from committee in the Senate: title sufficient, do pass as amended
4. Mar 15Died on the calendar in the Senate