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MS SB2343

Bill

Official Source

Status

Failed

4/30/2012

Primary Sponsor

Joey Fillingane

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Loan repayments to the Mississippi Industry Incentive Financing Revolving Fund shall be deposited to the fund until its balance reaches $50,000,000.00
  • Once the fund balance reaches $50,000,000.00, subsequent loan repayments shall be deposited to Fund No. 3951 in the State Treasury to pay debt service on bonds until the balance falls below $50,000,000.00
  • The Mississippi Development Authority must notify the Chairman of the Senate Finance Committee and the Chairman of the House Ways and Means Committee 30 days prior to disbursing any grant or loan funds, including identification of the applicant and loan purposes
  • The bill takes effect July 1, 2012

Legislative Description

MS Industry Incentive Financing Revolving Fund; loan repayments used to pay debt service if the balance exceeds $50,000,000.00.

Last Action

Died In Conference

4/30/2012

Full Bill Text

No bill text available