Mississippi Senate Bill 2970 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on February 24 2021 - 100% progression
Action: 2021-02-24 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Create The "2021 Covid-19 Mississippi Independent College And University Loan Fund"; To Authorize The Issuance Of State General Obligation Bonds To Provide Funds For Loans To Certain Independent Undergraduate Colleges And Universities Within The State; To Create A Bond Sinking Fund, From Which The Principal Of And Interest On Such Bonds Shall Be Paid By Appropriation, And Into Which All Monies Received From The Colleges And Universities In Repayment Of The Principal Of The Loans Authorized Under This Act Shall Be Deposited; To Set Out Conditions To Which The Colleges And Universities Must Agree In Order To Be Eligible For The Loans; To Provide That, Of The Amount Disbursed In Loans, Half Shall Be Divided Equally Among The Eligible Colleges And Universities, With The Remainder Divided Pro Rata Based On The Total Enrollment Data Reported To The Integrated Postsecondary Education System (ipeds) Maintained By The United States Department Of Education National Center For Education Statistics For The Two Most Recently Reported School Years; And For Related Purposes.

Bonds; authorize issuance of $20 million for interest-free loans to independent colleges in the state.

Sen. David Blount [D]

Date	Chamber	Action
2021-02-24	Senate	Died In Committee
2021-02-22	Senate	Referred To Finance

Type	Source
Summary	https://billstatus.ls.state.ms.us/2021/pdf/history/SB/SB2970.xml
Text	https://billstatus.ls.state.ms.us/documents/2021/html/SB/2900-2999/SB2970IN.htm