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MS SB2963
Bill
AI Summary
- Increases the maximum amount of general obligation bonds authorized under the Economic Development Highway Act by $20,000,000.00
- Changes the principal amount limit for bonds issued under Sections 65-4-25 through 65-4-45 from $327,500,000.00 to $347,500,000.00
- Maintains the existing $7,000,000.00 additional authorization for high economic benefit projects as defined in Section 65-4-5(1)(c)(vi)
- Creates two versions of Section 65-4-25 effective until June 30, 2011 and from July 1, 2011 forward, with the post-July 1 version removing language about negotiating bond sales
- Takes effect upon passage
Legislative Description
Bonds; increase the amount that may be issued under the Economic Development Highway Act.
Last Action
Died In Committee
2/23/2011
Full Bill Text
No bill text available