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MS HB182
Bill
Status
Failed
3/27/2010
Primary Sponsor
Joe Warren
Click for details
AI Summary
- Extends the repealer date on the Mississippi Development Authority's (MDA) authority to use bond proceeds for the Housing Development Revolving Loan Fund from July 1, 2010, to July 1, 2013
- MDA may utilize up to $7,000,000 in bond proceeds for interest-bearing loans through the Housing Development Revolving Loan Fund to construct or repair housing for low or moderate income earners
- Eligible loan recipients include state agencies, political subdivisions, businesses, organizations, corporations, and other legal entities meeting MDA-established criteria
- Prohibits MDA from using any bond proceeds under this chapter to make loans to the Mississippi Home Corporation for any purpose, and caps multiple family housing activities at 40% of additional bonds authorized by Chapter 559, Laws of 1998
- Effective date is July 1, 2010
Legislative Description
Housing Development Revolving Loan Fund; extend repealer on MDA's authority to use bond proceeds for.
Last Action
Died In Conference
3/27/2010
Full Bill Text
No bill text available