House Bill 1511

AN ACT TO CREATE A SPECIAL FUND IN THE STATE TREASURY TO BE DESIGNATED AS THE GULF COAST RESTORATION FUND; TO PROVIDE THAT MONIES IN THE SPECIAL FUND SHALL BE USED BY THE SOUTHERN MISSISSIPPI PLANNING AND DEVELOPMENT DISTRICT, UPON APPROPRIATION BY THE LEGISLATURE, BASED UPON THE APPROVAL OF THE BOARD OF TRUSTEES OF THE GULF COAST RESTORATION FUND TO PROVIDE ASSISTANCE UNDER GRANT AND LOAN PROGRAMS ESTABLISHED IN THIS ACT; TO CREATE THE BOARD OF TRUSTEES OF THE GULF COAST RESTORATION FUND; TO PROVIDE FOR THE COMPOSITION OF THE BOARD OF TRUSTEES; TO PROVIDE THAT THE SOUTHERN MISSISSIPPI PLANNING AND DEVELOPMENT DISTRICT SHALL REVIEW APPLICATIONS FOR ASSISTANCE UNDER THIS ACT AND MAKE RECOMMENDATIONS FOR ASSISTANCE TO THE BOARD OF TRUSTEES OF THE GULF COAST RESTORATION FUND; TO PROVIDE THAT THE BOARD OF TRUSTEES SHALL REVIEW A RECOMMENDATION FOR ASSISTANCE PREPARED BY THE SOUTHERN MISSISSIPPI PLANNING AND DEVELOPMENT DISTRICT AND DETERMINE WHETHER AN APPLICANT SHOULD RECEIVE ASSISTANCE UNDER THIS ACT; TO PROVIDE THAT IF THE BOARD OF TRUSTEES OF THE GULF COAST RESTORATION FUND DETERMINES THAT AN APPLICANT SHOULD RECEIVE ASSISTANCE AND VOTES TO APPROVE A RECOMMENDATION FOR ASSISTANCE, THEN THE BOARD OF TRUSTEES SHALL PREPARE AN APPROVAL OF RECOMMENDATION FOR ASSISTANCE AND PROVIDE ITS APPROVAL OF RECOMMENDATION FOR ASSISTANCE TO THE SOUTHERN MISSISSIPPI PLANNING AND DEVELOPMENT DISTRICT WHICH SHALL USE FUNDS FROM THE GULF COAST RESTORATION FUND FOR THE PURPOSE OF PROVIDING THE ASSISTANCE; TO ESTABLISH AN ECONOMIC DEVELOPMENT INFRASTRUCTURE AND BUILDINGS GRANT PROGRAM TO BE ADMINISTERED BY THE SOUTHERN MISSISSIPPI PLANNING AND DEVELOPMENT DISTRICT FOR THE PURPOSE OF PROVIDING STRATEGIC INVESTMENT ON A COMPETITIVE BASIS TO SUPPORT ECONOMIC DEVELOPMENT, FOSTER JOB CREATION AND ATTRACT PRIVATE INVESTMENT IN ORDER TO SUPPORT CONSTRUCTION OF PUBLIC INFRASTRUCTURE AND BUILDING CONSTRUCTION AND RENOVATION THAT WILL BENEFIT PRIVATE BUSINESS ENTERPRISES CREATING NEW JOBS; TO ESTABLISH AN ECONOMIC DEVELOPMENT PUBLIC FACILITIES GRANT PROGRAM TO BE ADMINISTERED BY THE SOUTHERN MISSISSIPPI PLANNING AND DEVELOPMENT DISTRICT FOR THE PURPOSE OF PROVIDING STRATEGIC INVESTMENT ON A COMPETITIVE BASIS TO SUPPORT ECONOMIC DEVELOPMENT, FOSTER IMMEDIATE PUBLIC SECTOR JOB CREATION AND LEVERAGE OTHER PUBLIC OR PRIVATE INVESTMENT IN ORDER TO SUPPORT CONSTRUCTION OF INFRASTRUCTURE AND BUILDING CONSTRUCTION AND RENOVATION THAT WILL BENEFIT PUBLIC AGENCIES OR ORGANIZATIONS IN CREATING NEW PUBLIC SECTOR JOBS; TO ESTABLISH AN ECONOMIC DEVELOPMENT COMMUNITY PREPARATION AND CAPACITY BUILDING GRANT PROGRAM TO BE ADMINISTERED BY THE SOUTHERN MISSISSIPPI PLANNING AND DEVELOPMENT DISTRICT FOR THE PURPOSE OF PROVIDING STRATEGIC INVESTMENTS ON A COMPETITIVE BASIS TO SUPPORT PLANNING, STRATEGIES AND OTHER TECHNICAL ASSISTANCE ACTIVITIES THAT WILL BUILD THE CAPACITY OF COMMUNITIES TO COMPETE FOR ECONOMIC DEVELOPMENT PROJECTS; TO ESTABLISH A SMALL BUSINESS REVOLVING LOAN PROGRAM TO BE ADMINISTERED BY THE SOUTHERN MISSISSIPPI PLANNING AND DEVELOPMENT DISTRICT FOR THE PURPOSE OF PROVIDING LOANS TO SMALL BUSINESSES THAT LACK ACCESS TO TRADITIONAL CAPITAL; AND FOR RELATED PURPOSES.

In the House of Representatives

• Scott DeLano

  Sponsor

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

In the House of Representatives Jan 15 – Jan 30

1. Jan 15Referred to the House committee on Appropriations
2. Jan 30Died in committee in the House