Did not become law. It stopped in the Senate's Finance Committee on March 6, 2012. The 2012 session has ended.
2012 Regular Session
Senate Bill 2672
MS Development Authority Job Training Grant Fund; create to provide job training grants for certain eligible business enterprises.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO CREATE THE MISSISSIPPI DEVELOPMENT AUTHORITY JOB TRAINING GRANT FUND; TO PROVIDE THAT MONEY IN THE FUND SHALL BE USED FOR THE PURPOSE OF MAKING TRAINING GRANTS TO BUSINESS ENTERPRISES THAT ARE ELIGIBLE FOR THE JOBS TAX CREDIT AUTHORIZE UNDER SECTION 57-73-21; TO PROVIDE THAT THE FUND SHALL BE ADMINISTERED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY (MDA); TO PROVIDE THAT A BUSINESS ENTERPRISE THAT RECEIVES SUCH A TRAINING GRANT SHALL NOT BE ELIGIBLE FOR THE JOBS TAX CREDIT AUTHORIZED IN SECTION 57-73-21; TO PROVIDE FOR THE DURATION AND AMOUNT OF THE TRAINING GRANTS; TO PROVIDE THAT THE MDA SHALL REQUIRE THAT THE BUSINESS ENTERPRISE SHALL ENTER INTO BINDING COMMITMENTS REQUIRING THAT A MINIMUM NUMBER OF JOBS BE MAINTAINED THAT SHALL BE NOT LESS THAN THE NUMBER OF JOBS REQUIRED TO BE ELIGIBLE FOR THE JOBS TAX CREDIT, AND THAT IF THE MINIMUM NUMBER OF JOBS ARE NOT MAINTAINED, ALL OR A PORTION OF THE GRANT FUNDS RECEIVED BY THE BUSINESS ENTERPRISE, AS DETERMINED BY THE MDA, SHALL BE REPAID; TO PROVIDE THAT THE LIABILITY OF THE STATE OF MISSISSIPPI TO MAKE THE TRAINING GRANTS AUTHORIZED UNDER THIS ACT SHALL BE LIMITED TO THE BALANCE CONTAINED IN THE MISSISSIPPI DEVELOPMENT AUTHORITY JOB TRAINING GRANT FUND; TO REQUIRE THE TRANSFER OF THE BALANCE OF THE MMEIA TAX INCENTIVE FUND TO THE MISSISSIPPI DEVELOPMENT AUTHORITY JOB TRAINING GRANT FUND; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO END THE MONTHLY DEPOSIT OF SALES TAX REVENUE IN THE AMOUNT OF $150,000.00 INTO THE MMEIA TAX INCENTIVE FUND AND PROVIDE FOR THE MONTHLY DEPOSIT OF SALES TAX REVENUE IN THE AMOUNT $150,000.00 INTO THE MISSISSIPPI DEVELOPMENT AUTHORITY JOB TRAINING GRANT FUND; TO AMEND SECTION 57-73-21, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; TO REPEAL SECTIONS 57-101-1, 57-101-3 AND 57-101-5, MISSISSIPPI CODE OF 1972, WHICH CREATE THE MMEIA TAX INCENTIVE FUND TO PAY A PORTION OF THE COMPONENT CONSTRUCTION MATERIAL COSTS FOR CERTAIN PROJECTS; AND FOR RELATED PURPOSES.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the Senate
Sponsor
Its course
February 20 to March 6, 2012, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action2 actions on 2 days
In the SenateFeb 20 to Mar 6 · stopped15 days
FinanceFeb 20 to Mar 6 · stopped15 days
Text
Each version as the Legislature printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislature published it is below.