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MS HB41

Bill

Official Source

Status

Failed

2/27/2019

Primary Sponsor

Abe Hudson

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Appropriates $10,000,000 from the State General Fund to the Mississippi Development Authority for fiscal year 2019-2020
  • Establishes a revolving loan program for rural counties (population 30,000 or less) and rural municipalities (population 10,000 or less) to fund infrastructure projects
  • Maximum loan amount is $250,000 per borrower with a maximum repayment term of five years
  • Eligible uses include emergency repair, maintenance, construction, reconstruction, and upgrades to infrastructure and infrastructure-related projects
  • Takes effect July 1, 2019

Legislative Description

Appropriation; MDA for revolving loan program for rural counties and municipalities to improve infrastructure.

Last Action

Died In Committee

2/27/2019

Committee Referrals

Appropriations1/11/2019

Full Bill Text

No bill text available