Senate Bill 3165

AN ACT TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS IN THE AMOUNT OF $20,000,000.00 TO PROVIDE FUNDS FOR THE MISSISSIPPI SITE DEVELOPMENT GRANT FUND; TO AMEND SECTION 57-1-701, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; 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 $25,000,000.00 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 BY $5,000,000.00 THE AMOUNT OF BOND PROCEEDS THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY UTILIZE UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT TO MAKE GRANTS OR LOANS TO 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 PUBLIC FACILITIES; TO AMEND SECTION 57-61-41, MISSISSIPPI CODE OF 1972, TO INCREASE BY $20,000,000.00 THE AMOUNT OF BOND PROCEEDS THAT THE MISSISSIPPI DEVELOPMENT AUTHORITY MAY UTILIZE UNDER THE MISSISSIPPI BUSINESS INVESTMENT ACT TO MAKE LOANS TO COUNTIES, MUNICIPALITIES, OR STATE, COUNTY OR MUNICIPAL PORT AND AIRPORT AUTHORITIES THROUGH A PORT, AIRPORT AND RAIL REVITALIZATION REVOLVING LOAN FUND FOR THE IMPROVEMENT OF PORT AND AIRPORT FACILITIES, OR FOR PUBLICLY OWNED FREIGHT RAIL SERVICE PROJECTS, TO PROMOTE COMMERCE AND ECONOMIC GROWTH; TO AMEND SECTION 57-75-15, MISSISSIPPI CODE OF 1972, TO INCREASE BY $5,000,000.00 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 DEFENSE BASE CLOSURE AND REALIGNMENT ACT OF 1990 OR OTHER APPLICABLE FEDERAL LAW; TO REMOVE THE REVERTER ON THE AUTHORITY OF THE STATE BOND COMMISSION TO DETERMINE THE APPROPRIATE METHOD FOR THE SALE OF CERTAIN BONDS AND TO NEGOTIATE THEIR SALE; TO AMEND SECTION 25, CHAPTER 533, LAWS OF 2010, AS LAST AMENDED BY SECTION 7, CHAPTER 507, LAWS OF 2024, TO INCREASE BY $20,000,000.00 THE AMOUNT OF GENERAL OBLIGATION BONDS THAT MAY BE ISSUED FOR THE MISSISSIPPI INDUSTRY INCENTIVE FINANCING REVOLVING FUND; TO EXTEND UNTIL JULY 1, 2029, THE PERIOD OF TIME DURING WHICH BONDS MAY BE ISSUED FOR THE MISSISSIPPI INDUSTRY INCENTIVE FINANCING REVOLVING FUND; TO AMEND SECTION 65-4-25, MISSISSIPPI CODE OF 1972, TO INCREASE BY $1,000,000.00 THE AMOUNT OF BONDS AUTHORIZED TO BE ISSUED UNDER THE ECONOMIC DEVELOPMENT HIGHWAY ACT TO PROVIDE FUNDING FOR A HIGH ECONOMIC BENEFIT PROJECT AS DEFINED IN SECTION 65-4-5(1)(C)(V); AND FOR RELATED PURPOSES.

In the Senate

• Josh Harkins

  Sponsor

• Senate floor amendmentAdopted

  Adopted Feb 26

• House of Representatives committee amendmentAdopted

  Adopted Mar 18

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

In the Senate Feb 24 – Feb 26

1. Feb 24Referred to the Senate committee on Finance
2. Feb 25Reported from committee in the Senate: title sufficient, do pass
3. Feb 26Amended in the Senate
4. Passed the Senate as amended

In the House of Representatives Feb 28 – Mar 18

1. Feb 28Sent to the House
2. Mar 3Referred to the House committee on Ways and Means
3. Mar 17Reported from committee in the House: title sufficient, do pass as amended
4. Mar 18Amended in the House
5. Passed the House as amended

Back in the Senate Mar 19 – Apr 3

1. Mar 19Returned to the Senate to concur in the House's amendments
2. Mar 20Declined in the Senate to concur, and invited a conference
3. Mar 27Conferees named in the Senate: Harkins, Johnson and Sparks
4. Mar 28Conferees named in the House: Lamar, Steverson and Barnett
5. Conference report filed in the Senate
6. Conference report filed in the House
7. Mar 31Conference report adopted in the House
8. Motion in the House to reconsider entered (Lamar and Steverson)
9. Conference report adopted in the Senate
10. Apr 1Motion in the House to reconsider tabled
11. Apr 3Enrolled bill signed in the Senate

To the Governor Apr 3 – Apr 17

1. Apr 3Enrolled bill signed in the House
2. Apr 17Approved by the Governor