l9n/ Mississippi

2014 Regular Session

House Bill 127

Mississippi Main Street Investment Act; create.

Did not become law. It stopped in the Senate's Finance Committee on March 18, 2014. The 2014 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO CREATE THE MISSISSIPPI MAIN STREET INVESTMENT ACT; TO PROVIDE DEFINITIONS FOR THIS ACT; TO CREATE THE MISSISSIPPI MAIN STREET INVESTMENT LOAN FUND; TO REQUIRE THE MISSISSIPPI DEVELOPMENT AUTHORITY TO ESTABLISH A PROGRAM TO MAKE LOANS TO MUNICIPALITIES TO ASSIST WITH MAINTAINING AND IMPROVING THE VIABILITY OF REVITALIZATION ZONES; TO REQUIRE A MUNICIPALITY DESIRING A LOAN UNDER THIS ACT TO SUBMIT AN APPLICATION TO THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO PROVIDE THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY SHALL REVIEW THE APPLICATION OF A MUNICIPALITY IN ORDER TO CONFIRM THAT THE REVITALIZATION ZONE MEETS THE REQUIREMENTS OF THIS ACT; TO PROVIDE THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY SHALL ESTABLISH A DEADLINE FOR THE SUBMISSION OF APPLICATIONS DURING A STATE FISCAL YEAR; TO PROVIDE THAT IF A MUNICIPALITY IN WHICH A REVITALIZATION ZONE IS LOCATED RECEIVES A LOAN UNDER THIS SECTION, THEN THE SALES TAX REVENUE COLLECTED WITHIN A REVITALIZATION ZONE SHALL BE ALLOCATED FOR DISTRIBUTION TO THE MUNICIPALITY IN WHICH THE REVITALIZATION ZONE IS LOCATED AND PAID TO THE MUNICIPALITY; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY WITH ALL POWERS NECESSARY TO IMPLEMENT AND ADMINISTER THE PROGRAM AUTHORIZED BY THIS ACT; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PROVISIONS OF THIS ACT; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS IN THE AMOUNT OF $5,000,000.00 AND PROVIDE THAT THE PROCEEDS OF SUCH BONDS SHALL BE DEPOSITED INTO THE MISSISSIPPI MAIN STREET INVESTMENT LOAN FUND; 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 House of Representatives

13 co-sponsors

Jody Steverson, Nick Bain, Tom Miles, Bill Kinkade, Dennis DeBar, Jr., Thomas U. Reynolds, Kevin Horan, Brad A. Oberhousen, John G. Faulkner, Alex Monsour, Jeramey Anderson, Sherra Hillman Lane, Deborah Butler Dixon

Its course

January 7 to March 18, 2014, 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 action9 actions on 6 days

In the House of RepresentativesJan 7 to Feb 1236 days

Ways and MeansJan 7 to Jan 3023 days

In the SenateFeb 12 to Mar 18 · stopped34 days

FinanceFeb 21 to Mar 18 · stopped25 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives floor amendmentAdopted

    Adopted Feb 12

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.

In the House of Representatives Jan 7 – Feb 12

  1. Jan 7Referred to the House committee on Ways and Means
  2. Jan 30Reported from committee in the House: title sufficient, do pass as a committee substitute
  3. Feb 12Tabled in the House, subject to being called up again
  4. Committee substitute adopted in the House
  5. Amended in the House
  6. Passed the House as amended

In the Senate Feb 17 – Mar 18

  1. Feb 17Sent to the Senate
  2. Feb 21Referred to the Senate committee on Finance
  3. Mar 18Died in committee in the Senate
All 9 actions, as published
  1. Jan 7Referred To Ways and MeansHouse of Representatives
  2. Jan 30Title Suff Do Pass Comm SubHouse of Representatives
  3. Feb 12Tabled Subject To CallHouse of Representatives
  4. Feb 12Committee Substitute AdoptedHouse of Representatives
  5. Feb 12AmendedHouse of Representatives
  6. Feb 12Passed As AmendedHouse of Representatives
  7. Feb 17Transmitted To SenateHouse of Representatives
  8. Feb 21Referred To FinanceSenate
  9. Mar 18Died In CommitteeSenate