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MS SB2569
Bill
AI Summary
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Mandates that counties and municipalities must hold a public election before issuing any bonds, removing previous provisions that allowed governing bodies to proceed without voter approval in certain circumstances
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Requires a three-fifths (60%) supermajority vote of qualified electors to approve any borrowing of funds or incurring of debt for operating expenses at both the county and municipal level
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Establishes election notice requirements including publication once weekly for at least 3 consecutive weeks in a local newspaper, with first publication at least 21 days before the election and last publication no more than 7 days prior
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Requires governing authorities to adopt a resolution declaring intent to borrow, specifying the amount and purpose of proposed debt, before calling an election on the question
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Directs the Mississippi Attorney General to submit the act to the U.S. Attorney General or U.S. District Court for the District of Columbia for preclearance under Section 5 of the Voting Rights Act of 1965
Legislative Description
Counties and municipalities; mandate election on incurring debt for operational expenses and issuing bonds.
Last Action
Died In Committee
3/6/2012