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MS SB2376

Bill

Status

Passed

3/30/2014

Primary Sponsor

Joey Fillingane

Click for details

Origin

Senate

2014 Regular Session

AI Summary

  • Amends Section 57-10-401 of the Mississippi Code to expand the definition of "economic development project" under the Mississippi Business Finance Corporation bond program.

  • Includes projects involving related approved companies that merge or consolidate where both companies engage in vertically integrated manufacturing or warehouse operations, effective January 1, 2014.

  • Applies to two separate versions of the statute: one for projects financed before July 1, 1994, and one for projects financed after that date.

  • Allows the Mississippi Business Finance Corporation to issue bonds to finance the approved costs of these newly-included merger or consolidation projects to induce business location or expansion in Mississippi.

Legislative Description

Mississippi Business Finance Corporation; revise definition of "economic development project" for bonds issued prior to 7/1/94.

Last Action

Approved by Governor

3/30/2014

Committee Referrals

Ways and Means3/6/2014
Finance1/17/2014

Full Bill Text

No bill text available