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MS HB1532

Bill

Status

Failed

3/28/2012

Primary Sponsor

Jeffrey Smith

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Authorizes $5,000,000 in general obligation bonds for the ACE Fund and $5,000,000 for the Mississippi Existing Industry Productivity Loan Fund, with bonds expiring July 1, 2016

  • Authorizes $4,000,000 in general obligation bonds for the Mississippi Job Protection Act Fund and $2,000,000 for the Mississippi Rural Impact Fund, with bonds expiring July 1, 2016

  • Increases the Mississippi Business Investment Act bond cap from $331,500,000 to $346,500,000 and raises the Equipment and Public Facilities Grant and Loan Fund limit from $40,100,000 to $55,100,000

  • Increases Economic Development Highway Act bond authorization by $40,000,000, raising the total cap to $397,500,000

  • Expands the Energy Infrastructure Revolving Loan Program to include energy providing utility companies and cooperatives as eligible recipients, and reduces the minimum capital investment threshold to $50,000,000 for qualifying projects

Legislative Description

Bonds; authorize the issuance of bonds for various programs administered by Mississippi Development Authority.

Last Action

Died In Committee

3/28/2012

Full Bill Text

No bill text available