l9n/ Mississippi

2016 Regular Session

House Bill 1598

Mississippi Main Street Investment Act; create.

Did not become law. It stopped in the Senate's Finance Committee on April 5, 2016. The 2016 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

3 co-sponsors

Tom Miles, Deborah Butler Dixon, Kathy Sykes

Its course

March 7 to April 5, 2016, 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 action8 actions on 6 days

In the House of RepresentativesMar 7 to Mar 158 days

Ways and MeansMar 7 to Mar 103 days

In the SenateMar 15 to Apr 5 · stopped21 days

FinanceMar 28 to Apr 5 · stopped8 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives floor amendmentAdopted

    Adopted Mar 15

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 Mar 7 – Mar 15

  1. Mar 7Referred to the House committee on Ways and Means
  2. Mar 10Reported from committee in the House: title sufficient, do pass as a committee substitute
  3. Mar 15Committee substitute adopted in the House
  4. Amended in the House
  5. Passed the House as amended

In the Senate Mar 17 – Apr 5

  1. Mar 17Sent to the Senate
  2. Mar 28Referred to the Senate committee on Finance
  3. Apr 5Died in committee in the Senate
All 8 actions, as published
  1. Mar 7Referred To Ways and MeansHouse of Representatives
  2. Mar 10Title Suff Do Pass Comm SubHouse of Representatives
  3. Mar 15Committee Substitute AdoptedHouse of Representatives
  4. Mar 15AmendedHouse of Representatives
  5. Mar 15Passed As AmendedHouse of Representatives
  6. Mar 17Transmitted To SenateHouse of Representatives
  7. Mar 28Referred To FinanceSenate
  8. Apr 5Died In CommitteeSenate