AN ACT TO PROVIDE THAT PUBLIC SCHOOL DISTRICTS THAT RECEIVED A LOAN FROM THE EDUCATIONAL FACILITIES REVOLVING LOAN FUND THAT HAS NOT BEEN REPAID IN FULL BEFORE THE EFFECTIVE DATE OF THIS ACT SHALL MAKE REPAYMENTS OF THE LOAN TO THE DEPARTMENT OF FINANCE AND ADMINISTRATION UNTIL THE LOAN IS FULLY REPAID; TO PROVIDE THAT THE DEPARTMENT OF FINANCE AND ADMINISTRATION SHALL DEPOSIT ALL SUCH LOAN REPAYMENTS RECEIVED INTO THE EDUCATION ENHANCEMENT FUND; TO AMEND SECTION 37-61-33, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PRECEDING PROVISION; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 37-61-33
As Passed by the House: 37-61-33