Senate Bill 2430

AN ACT TO CREATE THE EDUCATIONAL FACILITIES REVOLVING LOAN FUND PROGRAM FOR THE PURPOSE OF IMPROVING EDUCATIONAL FACILITIES IN THE STATE; TO CREATE THE EDUCATIONAL FACILITIES REVOLVING LOAN FUND IN THE STATE TREASURY; TO AUTHORIZE PUBLIC SCHOOL DISTRICTS TO SUBMIT APPLICATIONS TO THE DEPARTMENT OF EDUCATION FOR LOANS FROM THE FUND; TO DESIGNATE THE PURPOSES FOR WHICH LOANS MAY BE USED AND THE PERCENTAGE OF THE REVOLVING LOAN FUND TO BE MADE AVAILABLE FOR LOANS TO DIFFERENT EDUCATIONAL INSTITUTIONS; TO PROVIDE THAT ALL AMOUNTS REMAINING IN THE STATE PUBLIC SCHOOL BUILDING FUND AS OF JULY 1, 2022, SHALL BE TRANSFERRED TO THE EDUCATIONAL FACILITIES REVOLVING LOAN FUND; TO SET CERTAIN MAXIMUM LOAN AMOUNTS PER DISTRICT AND PER PROJECT; TO REQUIRE LOANS MADE TO PUBLIC ENTITIES TO BE INTEREST FREE; TO REQUIRE LOANS TO BE REPAID IN NO MORE THAN TEN YEARS; TO REQUIRE THE STATE DEPARTMENT OF EDUCATION TO PROMULGATE RULES FOR PUBLIC EDUCATIONAL ENTITIES PARTICIPATING IN THE PROGRAM; TO ALLOW SCHOOLS TO USE FUNDS FROM THE PROGRAM TO PAY INDEBTEDNESS FROM BONDS OR OTHER NOTES USED FOR CAPITAL IMPROVEMENT IF CERTAIN REQUIREMENTS ARE MET; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO CHANGE THE ALLOCATION THAT WAS DIVERTED TO THE STATE PUBLIC SCHOOL BUILDING FUND TO BE ALLOCATED TO THE EDUCATIONAL FACILITIES REVOLVING LOAN FUND; TO AMEND SECTION 37-47-7, MISSISSIPPI CODE OF 1972, TO REQUIRE THE STATE FISCAL OFFICER TO TRANSFER ALL AMOUNTS REMAINING IN THE STATE PUBLIC SCHOOL BUILDING FUND AS OF JULY 1, 2022, TO THE EDUCATIONAL FACILITIES REVOLVING LOAN FUND; TO AMEND SECTIONS 37-47-11, 37-47-13, 37-47-15, 37-47-17, 37-47-19, 37-47-21, 37-47-23 AND 37-47-29, MISSISSIPPI CODE OF 1972, WHICH PROVIDE FOR THE STATE PUBLIC SCHOOL BUILDING FUND AND ITS ADMINISTRATION, TO STAND REPEALED ON JULY 1, 2023; AND FOR RELATED PURPOSES.

In the Senate

• Dennis DeBar, Jr.

  Sponsor

• House of Representatives committee amendmentAdopted

  Adopted Mar 9

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

In the Senate Jan 17 – Feb 10

1. Jan 17Referred to the Senate committees on Education and on Appropriations
2. Jan 26Reported as a committee substitute from ED to AP in the Senate: title sufficient, do pass
3. Feb 1Reported from committee in the Senate: title sufficient, do pass as a committee substitute
4. Feb 10Committee substitute adopted in the Senate
5. Passed the Senate

In the House of Representatives Feb 14 – Mar 9

1. Feb 14Sent to the House
2. Feb 15Referred to the House committees on Education and on Appropriations
3. Feb 24Reported as amended from ED to AP in the House: title sufficient, do pass
4. Mar 1Reported as amended from AP to ED in the House: title sufficient, do pass
5. Reported from committee in the House: title sufficient, do pass as amended
6. Mar 8Read the third time in the House
7. Mar 9Amended in the House
8. Passed the House as amended

Back in the Senate Mar 10 – Apr 7

1. Mar 10Returned to the Senate to concur in the House's amendments
2. Mar 16Declined in the Senate to concur, and invited a conference
3. Mar 17Conferees named in the Senate: DeBar, Blount and Johnson
4. Mar 22Conferees named in the House: Bennett, Read and McCarty
5. Mar 28Conference report filed in the Senate
6. Conference report filed in the House
7. Mar 30Recommitted in the House to the conferees for further conference
8. Recommitted in the Senate to the conferees for further conference
9. Mar 31Conference report filed in the Senate
10. Conference report filed in the House
11. Apr 1Conference report adopted in the House
12. Conference report adopted in the Senate
13. Apr 7Enrolled bill signed in the Senate

To the Governor Apr 7 – Apr 18

1. Apr 7Enrolled bill signed in the House
2. Apr 18Approved by the Governor