House Bill 1731

AN ACT TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS IN THE AMOUNT OF $10,000,000.00 FOR THE ACE FUND; TO AMEND SECTION 57-61-25, MISSISSIPPI CODE OF 1972, TO INCREASE BY $7,000,000.00 THE AMOUNT OF GENERAL OBLIGATION BONDS THAT MAY BE ISSUED UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT; TO AMEND SECTION 57-61-36, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF BOND PROCEEDS THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY UTILIZE UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT TO MAKE GRANTS OR LOANS TO COUNTIES AND MUNICIPALITIES THROUGH AN EQUIPMENT AND PUBLIC FACILITIES GRANT AND LOAN FUND TO AID IN INFRASTRUCTURE-RELATED IMPROVEMENTS, THE PURCHASE OF EQUIPMENT AND IN THE PURCHASE, CONSTRUCTION OR REPAIR AND RENOVATION OF FACILITIES; TO AMEND SECTION 57-75-15, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $67,000,000.00 TO $68,000,000.00 THE AMOUNT OF GENERAL OBLIGATION BONDS THAT MAY BE ISSUED UNDER THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT FOR PROJECTS DESIGNED TO ENHANCE FACILITIES THAT ARE AT RISK FOR CLOSURE PURSUANT TO THE BASE CLOSURE AND REALIGNMENT ACT OF 1991 OR OTHER APPLICABLE FEDERAL LAW; TO CREATE THE MISSISSIPPI SITE DEVELOPMENT GRANT PROGRAM TO BE ADMINISTERED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY FOR THE PURPOSE OF PROVIDING GRANTS TO MUNICIPALITIES, COUNTIES AND LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS TO ASSIST IN PAYING COSTS ASSOCIATED WITH IMPROVING THE MARKETABILITY OF PUBLICLY OWNED INDUSTRIAL PROPERTY FOR INDUSTRIAL ECONOMIC DEVELOPMENT PURPOSES; TO CREATE THE MISSISSIPPI SITE DEVELOPMENT GRANT FUND TO BE ADMINISTERED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE SITE DEVELOPMENT GRANT FUND; TO AUTHORIZE THE ISSUANCE OF $10,000,000.00 OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE SMALL MUNICIPALITIES AND LIMITED POPULATION COUNTIES FUND; TO AMEND SECTION 57-1-18, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A PORTION OF THE PROCEEDS OF CERTAIN BONDS MAY BE USED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY TO REIMBURSE CERTAIN COSTS RELATED TO THE ADMINISTRATION OF THE FUND; AND FOR RELATED PURPOSES.

In the House of Representatives

• Jeffrey C. Smith

  Sponsor

l9n doesn't hold this bill's text yet.

In the House of Representatives Feb 20 – Feb 21

1. Feb 20Referred to the House committee on Ways and Means
2. Reported from committee in the House: title sufficient, do pass
3. Feb 21Passed the House

In the Senate Feb 21 – Mar 14

1. Feb 21Motion in the House to reconsider entered (Staples, Smith and Lamar)
2. Feb 23Motion in the House to reconsider tabled
3. Sent to the Senate
4. Mar 6Referred to the Senate committee on Finance
5. Mar 14Died in committee in the Senate