HB1989 - Economic development; provide loans for certain projects and authorize issuance of bonds for loans.

1 Co-Sponsor

An Act To Provide That The Department Of Finance And Administration Shall Establish A Program To Provide Loans To Assist With The Development Of A Project In The City Of Jackson, Mississippi, To Be Located Near The Downtown Area Of The City, Inside The Capitol Complex Improvement District And Within A Certain Distance Of The New Capitol, And Which Will Consist Of A Licensed Gaming Establishment And Other Developments As Part Of The Project; To Create The "capital City Project Fund" As A Special Fund In The State Treasury And Provide That Monies In The Special Fund Shall Be Disbursed By The Department Of Finance And Administration To Provide Loans Authorized Under This Act; To Authorize The Issuance Of State General Obligation Bonds For The Purpose Of Providing Funds For The "capital City Project Fund"; To Amend Section 19-3-79, Mississippi Code Of 1972, To Provide That This Section Does Not Apply To A Person, Corporation Or Other Legal Entity Applying For A License For A Gaming Establishment That Is Part Of A Project Described In This Act; To Amend Sections 87-1-5, 97-33-1, 97-33-7, 97-33-17, 97-33-25 And 97-33-27, Mississippi Code Of 1972, To Authorize Legal Gaming In A Licensed Gaming Establishment That Is Part Of A Project Described In This Act; To Bring Forward Section 27-109-1, Mississippi Code Of 1972, Which Defines The Terms "cruise Vessel" And "vessel" For Certain Purposes, For The Purposes Of Possible Amendment; To Bring Forward Section 95-3-25, Mississippi Code Of 1972, Which Relates To Various Forms Of Illegal Gambling, For The Purposes Of Possible Amendment; And For Related Purposes.