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MS HB791
Bill
Status
4/3/2012
Primary Sponsor
Stephen Holland
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AI Summary
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Amends Section 65-4-5 to exclude construction or improvement of Mississippi Highway 9 North in Union County from the definition of "high economic benefit project" under the Economic Development Highway Act.
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Amends Section 65-4-25 to prohibit issuance of bonds under the Economic Development Highway Act after the effective date for construction or improvement of Mississippi Highway 9 North in Union County.
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Maintains existing bond authorization caps of $357,500,000 in aggregate principal amount, plus an additional $7,000,000 for master planned community projects.
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Takes effect upon passage.
Legislative Description
Economic Development Highway Act; revise definition of term "high economic benefit project" and restrict issuance of bonds.
Last Action
Died In Committee
4/3/2012