MS Business Finance Corporation; extend repealer on authority to issue bonds to finance economic development projects.
HB 964 extends the expiration date for Mississippi's Business Finance Corporation bond authority, which allows the corporation to issue bonds to finance economic development projects. This directly affects eligible businesses - such as manufacturers, distribution centers employing 50+ people, or telecom/data processing companies - that seek state financing for location or expansion projects. The bill reenacts existing provisions (Sections 57-10-401 through 57-10-447) and a tax credit (Section 27-7-22.3) to maintain access to these financing tools. The extension prevents these programs from automatically expiring, ensuring continued support for qualifying businesses seeking to establish or grow in Mississippi.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
Mar 2025
House Passage
Feb 2025
Senate Passage
Mar 2025
Signed into Law
Mar 2025
Introduced Feb 12, 2025
Signed Mar 18, 2025
Maddy AI version diff · 2 comparisons
What changed between versions
As Passed the lower
→
Current version
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1 edit
MINOR
The bill title was updated to reflect its current status as sent to the Governor, indicating it has passed the House. No substantive policy changes were made to the bill's content, scope, or requirements.
TECHNICAL
The bill version label was changed from 'As Passed the House' to 'As Sent to Governor', indicating procedural progress rather than substantive policy changes.
Floor votes · Senate Mar 7, 2025 · House Feb 11, 2025
How they voted
48–0
Passed · 3 other
Total votes 51
Mar 7, 2025
D
Democratic16
93% Yea
R
Republican35
94% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
11
Key actions
5
Committee
4
Mar 18, 2025
Signed into law
Approved by Governor
executive
Mar 7, 2025
Upper · Passed
Passed
upper
Mar 4, 2025
Upper · Passed
Title Suff Do Pass
upper
Feb 17, 2025
Committee
Referred To Finance
upper
Feb 12, 2025
Introduced
Transmitted To Senate
lower
Feb 11, 2025
Lower · Passed
Passed
lower
Jan 28, 2025
Lower · Passed
Title Suff Do Pass
lower
Jan 17, 2025
Committee
Referred To Ways and Means
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Fred Shanks
RRepublican
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