l9n/ Mississippi

2015 Regular Session

House Bill 1618

Mississippi Main Street Investment Act; create.

Did not become law. It stopped in the Senate's Finance Committee on March 17, 2015. The 2015 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

11 co-sponsors

Dennis DeBar, Jr., Michael T. Evans, Joey Hood, Kevin Horan, Lataisha Jackson, Steve Massengill, Brad Mayo, Ken Morgan, Jody Steverson, Jason White, Tom Miles

Its course

February 18 to March 17, 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 action7 actions on 5 days

In the House of RepresentativesFeb 18 to Feb 246 days

Ways and MeansFeb 18 to Feb 246 days

In the SenateFeb 24 to Mar 17 · stopped21 days

FinanceMar 4 to Mar 17 · stopped13 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives floor amendmentPending

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 24

  1. Feb 18Referred to the House committee on Ways and Means
  2. Feb 24Reported from committee in the House: title sufficient, do pass
  3. Amendment failed in the House
  4. Passed the House

In the Senate Feb 25 – Mar 17

  1. Feb 25Sent to the Senate
  2. Mar 4Referred to the Senate committee on Finance
  3. Mar 17Died in committee in the Senate
All 7 actions, as published
  1. Feb 18Referred To Ways and MeansHouse of Representatives
  2. Feb 24Title Suff Do PassHouse of Representatives
  3. Feb 24Amendment FailedHouse of Representatives
  4. Feb 24PassedHouse of Representatives
  5. Feb 25Transmitted To SenateHouse of Representatives
  6. Mar 4Referred To FinanceSenate
  7. Mar 17Died In CommitteeSenate