MS HB380

Deletes the sunset provision (reverter) that was scheduled to expire June 30, 2017, making permanent the State Bond Commission's authority to negotiate the sale of Economic Development Highway Act bonds instead of requiring sealed bid public sales.

Allows the State Bond Commission discretion to sell bonds either through sealed bids at public sale or through negotiated sales, whichever is determined to be in the state's best interest.

Removes the requirement that notice of bond sales only be published when bonds are sold on sealed bids at public sale; notice must now be published for all bond sales under the Economic Development Highway Act.

Maintains the principal bond authorization limit of $357,500,000 plus an additional $7,000,000 for high economic benefit projects.

Takes effect July 1, 2014.