Did not become law. It stopped in the Senate's Finance Committee on February 24, 2021. The 2021 session has ended.
2021 Regular Session
Senate Bill 2970
Bonds; authorize issuance of $20 million for interest-free loans to independent colleges in the state.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO CREATE THE "2021 COVID-19 MISSISSIPPI INDEPENDENT COLLEGE AND UNIVERSITY LOAN FUND"; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR LOANS TO CERTAIN INDEPENDENT UNDERGRADUATE COLLEGES AND UNIVERSITIES WITHIN THE STATE; TO CREATE A BOND SINKING FUND, FROM WHICH THE PRINCIPAL OF AND INTEREST ON SUCH BONDS SHALL BE PAID BY APPROPRIATION, AND INTO WHICH ALL MONIES RECEIVED FROM THE COLLEGES AND UNIVERSITIES IN REPAYMENT OF THE PRINCIPAL OF THE LOANS AUTHORIZED UNDER THIS ACT SHALL BE DEPOSITED; TO SET OUT CONDITIONS TO WHICH THE COLLEGES AND UNIVERSITIES MUST AGREE IN ORDER TO BE ELIGIBLE FOR THE LOANS; TO PROVIDE THAT, OF THE AMOUNT DISBURSED IN LOANS, HALF SHALL BE DIVIDED EQUALLY AMONG THE ELIGIBLE COLLEGES AND UNIVERSITIES, WITH THE REMAINDER DIVIDED PRO RATA BASED ON THE TOTAL ENROLLMENT DATA REPORTED TO THE INTEGRATED POSTSECONDARY EDUCATION SYSTEM (IPEDS) MAINTAINED BY THE UNITED STATES DEPARTMENT OF EDUCATION NATIONAL CENTER FOR EDUCATION STATISTICS FOR THE TWO MOST RECENTLY REPORTED SCHOOL YEARS; 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 Senate
Sponsor
Its course
February 22 to February 24, 2021, 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 action2 actions on 2 days
In the SenateFeb 22 to Feb 24 · stopped2 days
FinanceFeb 22 to Feb 24 · stopped2 days
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.