l9n/ Mississippi

2015 Regular Session

House Bill 1573

Small business participating loan program; create and authorize issuance of bonds for.

Did not become law. It stopped in the House of Representatives's Ways and Means Committee on February 25, 2015. The 2015 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO ESTABLISH THE SMALL BUSINESS PARTICIPATING LOAN PROGRAM TO BE ADMINISTERED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO PROVIDE THAT THE PROGRAM SHALL PROVIDE LOANS TO SMALL BUSINESSES FOR THE PURPOSE OF ENCOURAGING THE EXTENSION OF CONVENTIONAL FINANCING AND THE ISSUANCE OF LETTERS OF CREDIT TO SMALL BUSINESSES BY PRIVATE INSTITUTIONS; TO PROVIDE THAT THE AMOUNT OF A LOAN TO A SMALL BUSINESS UNDER THE PROGRAM SHALL NOT EXCEED 50% OF THE TOTAL COST OF THE PROJECT FOR WHICH FINANCING IS SOUGHT OR $100,000.00, WHICHEVER IS LESS; TO CREATE THE MISSISSIPPI SMALL BUSINESS PARTICIPATING LOAN PROGRAM REVOLVING FUND IN THE STATE TREASURY FROM WHICH MONEY TO MAKE THE LOANS UNDER THE PROGRAM SHALL BE DRAWN; TO AUTHORIZE THE ISSUANCE OF GENERAL OBLIGATION BONDS IN THE AMOUNT OF $50,000,000.00 TO PROVIDE FUNDS FOR THE PROGRAM; 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

Its course

February 18 to February 25, 2015, 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 House of RepresentativesFeb 18 to Feb 25 · stopped7 days

Ways and MeansFeb 18 to Feb 25 · stopped7 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.

In the House of Representatives Feb 18 – Feb 25

  1. Feb 18Referred to the House committee on Ways and Means
  2. Feb 25Died in committee in the House
All 2 actions, as published
  1. Feb 18Referred To Ways and MeansHouse of Representatives
  2. Feb 25Died In CommitteeHouse of Representatives