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MS SB2376
Bill
Status
3/30/2014
Primary Sponsor
Joey Fillingane
Click for details
AI Summary
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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.
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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.
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Applies to two separate versions of the statute: one for projects financed before July 1, 1994, and one for projects financed after that date.
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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