House Bill 1512

AN ACT TO CREATE ELEVEN SPECIAL FUNDS IN THE STATE TREASURY WITH ONE FUND FOR THE GEOGRAPHICAL AREA OF EACH OF THE TEN PLANNING AND DEVELOPMENT DISTRICTS EXCLUDING HANCOCK, HARRISON AND JACKSON COUNTIES, AND ONE FUND FOR HANCOCK, HARRISON AND JACKSON COUNTIES TO BE DESIGNATED AS THE "GULF COAST RESTORATION FUND"; TO PROVIDE THAT THE MONIES IN EACH OF THE SPECIAL FUNDS SHALL BE ADMINISTERED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY (MDA) AND SHALL BE USED BY MDA, UPON APPROPRIATION BY THE LEGISLATURE, TO PROVIDE ASSISTANCE TO APPLICANTS FOR PROJECTS AUTHORIZED BY THIS ACT; TO SPECIFY THE APPLICANTS WHO ARE ELIGIBLE FOR ASSISTANCE UNDER THIS ACT; TO PROVIDE THAT MDA SHALL ESTABLISH CRITERIA, RULES AND PROCEDURES FOR ACCEPTING, REVIEWING AND GRANTING OR DENYING APPLICATIONS FOR ASSISTANCE UNDER THIS ACT; TO PROVIDE A TIMELINE FOR SUBMISSIONS OF APPLICATIONS TO MDA, FOR REVIEW, EVALUATION AND SCORING OF APPLICATIONS BY MDA, AND FOR PRESENTATION OF THE APPLICATIONS TO THE APPROPRIATE LEGISLATIVE ADVISORY COMMITTEE FOR ITS EVALUATION AND RECOMMENDATIONS; TO PROVIDE THAT APPLICATIONS FOR ASSISTANCE UNDER THIS ACT WILL BE RECEIVED THROUGH A WEB PORTAL SET UP BY MDA; TO ESTABLISH LEGISLATIVE ADVISORY COMMITTEES FOR THE GEOGRAPHIC AREA OF EACH OF THE TEN PLANNING AND DEVELOPMENT DISTRICTS AND FOR THE GULF COAST RESTORATION FUND, WHICH WILL SERVE ONLY IN AN ADVISORY CAPACITY IN REVIEWING AND EVALUATING APPLICATIONS FOR ASSISTANCE UNDER THIS ACT; TO PROVIDE THAT THE LEGISLATIVE ADVISORY COMMITTEES WILL MEET ANNUALLY TO REVIEW AND EVALUATE THE PROJECTS BEING CONSIDERED FOR FUNDING BY MDA; TO PROVIDE THAT MDA WILL CALL THE MEETINGS OF THE LEGISLATIVE ADVISORY COMMITTEE, NOTIFY THE COMMITTEE MEMBERS OF THE MEETING AND CHAIR THE MEETING; TO PROVIDE THAT MDA WILL HAVE THE FINAL DECISION REGARDING THE APPLICATION FOR ASSISTANCE; TO PROHIBIT MDA FROM APPROVING ANY APPLICATION FOR ASSISTANCE OR FUNDING ANY PROJECT UNTIL AFTER THE LEGISLATIVE ADVISORY COMMITTEE HAS REVIEWED AND EVALUATED THE APPLICATION; TO AUTHORIZE MDA TO MAKE LOANS, LOAN GUARANTEES, GRANTS AND ANY OTHER FINANCIAL ASSISTANCE UNDER THIS ACT TO APPLICANTS WHOSE PROJECTS ARE APPROVED FOR ASSISTANCE BY MDA; TO DIRECT MDA TO ESTABLISH A SCORING PROCESS FOR THE SELECTION OF PROJECTS THAT HAVE THE POTENTIAL TO GENERATE INCREASED ECONOMIC ACTIVITY IN THE COUNTIES INVOLVED, AND TO SPECIFY THE TYPES OF PROJECTS FOR WHICH ASSISTANCE MAY BE MADE; TO PROVIDE FOR FINANCIAL AUDITS AND OPERATIONAL AUDITS OF RECIPIENTS OF ASSISTANCE UNDER THIS ACT; TO DIRECT MDA TO FILE AN ANNUAL REPORT WITH THE GOVERNOR AND THE LEGISLATURE THAT INCLUDES DETAILED INFORMATION REGARDING RECEIPTS AND EXPENDITURES OF THE FUNDS RECEIVED AND PROVIDED AS ASSISTANCE UNDER THIS ACT; AND FOR RELATED PURPOSES.

In the House of Representatives

• Charles Busby

  Sponsor

• House of Representatives floor amendmentAdopted

  Adopted Feb 7

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

In the House of Representatives Jan 15 – Feb 7

1. Jan 15Referred to the House committee on Appropriations
2. Jan 30Reported from committee in the House: title sufficient, do pass as a committee substitute
3. Feb 6Read the third time in the House
4. Feb 7Amended in the House
5. Passed the House as amended

In the Senate Feb 12 – Feb 27

1. Feb 12Sent to the Senate
2. Feb 16Referred to the Senate committee on Appropriations
3. Feb 27Died in committee in the Senate