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MississippiHB 14612025 Regular SessionHouse

Local governments capital improvements revolving loan program; revise definition of "capital improvements", extend repealer on MDA authority to use certain funds for expenses.

Sponsored By: John Thomas "Trey" Lamar (Republican)

Signed by Governor

Ways and MeansFinance

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 0 costs, 2 mixed.

Agency can use some loan interest

The Mississippi Development Authority can use qualifying interest money from the loan fund for ordinary and necessary agency support, but not employee salary increases. The money must come from payments received after January 1, 2002, on loans funded by bonds whose interest is taxable under federal law. This authority ends starting July 1, 2029.

Local governments get broader loan options

Starting July 1, 2025, Mississippi counties and incorporated cities can seek program loans for projects the state development agency decides are capital improvements. The law removes the specific listing for loans to help counties repay loans used to buy a movie sound stage. A sound-stage project may still qualify under the broader definition if the agency approves it.

Sponsors & Cosponsors

Sponsor

  • John Thomas "Trey" Lamar

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 333 • No: 0

Senate vote • 4/2/2025

Conference Report Adopted

Yes: 47 • No: 0

House vote • 3/31/2025

Conference Report Adopted

Yes: 117 • No: 0

Senate vote • 3/11/2025

Passed As Amended

Yes: 51 • No: 0

House vote • 1/29/2025

Passed

Yes: 118 • No: 0 • Other: 1

Actions Timeline

  1. Approved by Governor

    4/17/2025legislature

  2. Enrolled Bill Signed

    4/7/2025Senate

  3. Enrolled Bill Signed

    4/3/2025House

  4. Conference Report Adopted

    4/2/2025Senate

  5. Conference Report Adopted

    3/31/2025House

  6. Conference Report Filed

    3/28/2025Senate

  7. Conference Report Filed

    3/28/2025House

  8. Conferees Named Harkins,Johnson,England

    3/27/2025Senate

  9. Conferees Named Lamar,Steverson,Aguirre

    3/25/2025House

  10. Decline to Concur/Invite Conf

    3/20/2025House

  11. Returned For Concurrence

    3/13/2025Senate

  12. Motion to Reconsider Tabled

    3/13/2025Senate

  13. Motion to Reconsider Entered

    3/12/2025Senate

  14. Passed As Amended

    3/11/2025Senate

  15. Amended

    3/11/2025Senate

  16. Title Suff Do Pass As Amended

    3/4/2025Senate

  17. Referred To Finance

    2/17/2025Senate

  18. Transmitted To Senate

    1/30/2025House

  19. Passed

    1/29/2025House

  20. Title Suff Do Pass

    1/28/2025House

  21. Referred To Ways and Means

    1/20/2025House

Bill Text

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