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MS HB1532
Bill
Status
3/28/2012
Primary Sponsor
Jeffrey Smith
Click for details
AI Summary
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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
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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
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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
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Increases Economic Development Highway Act bond authorization by $40,000,000, raising the total cap to $397,500,000
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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