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MS SB2924
Bill
AI Summary
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Amends Section 43-35-21 of Mississippi Code to allow municipalities to sell urban renewal bonds at private sale under terms determined by the municipality.
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Adds private sale as an option alongside existing methods of public sale or exchange, while maintaining the requirement that bonds sold to federal government be at not less than par value.
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Bonds issued for urban renewal projects remain exempt from constitutional debt limitations and all taxes on the bonds and interest earned.
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Takes effect immediately upon passage.
Legislative Description
Urban Renewal Law; authorize bonds issued under to be sold at private sale.
Last Action
Approved by Governor
3/29/2011
Full Bill Text
No bill text available