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MS HB103
Bill
Status
2/4/2014
Primary Sponsor
Stephen Horne
Click for details
AI Summary
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Amends Mississippi Code sections 19-9-11, 19-9-13, and 21-33-307 to mandate that counties and municipalities hold elections before issuing bonds for enumerated purposes.
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Removes the protest threshold mechanism that previously allowed bond issuance without an election if fewer than 20% of qualified electors (or 1,500, whichever is less) filed written protests for counties, or 10% for municipalities.
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Requires the board of supervisors or municipal governing authority to publish notice of bond issuance intention once weekly for at least three consecutive weeks in a newspaper, or by posting at three public places if no local newspaper exists.
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Establishes that an election on bond issuance shall be called and held following the procedures in sections 19-9-13 through 19-9-15 for counties and section 21-33-309 for municipalities.
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Takes effect July 1, 2014.
Legislative Description
Bonds; mandate election on issuing county or municipal bonds.
Last Action
Died In Committee
2/4/2014