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MS HB381
Bill
Status
2/13/2014
Primary Sponsor
Mark Formby
Click for details
AI Summary
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Deletes reversionary (sunset) language from sections 69-2-19, 69-2-23, 69-2-25, and 69-2-27 of the Mississippi Code that previously had expiration dates related to bond issuance provisions.
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Removes the requirement that notice of bond sales under the Emerging Crops Fund that are sold on sealed bids must be published in newspapers or financial journals with large national circulation, allowing publication only in Jackson-area newspapers.
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Authorizes the State Bond Commission to negotiate bond sales (in addition to sealed bid sales) for Emerging Crops Fund bonds, giving the commission discretion to choose the sale method.
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Maintains the authorization for up to $109 million in general obligation bonds for the Emerging Crops Fund, plus up to $2 million for specified purposes and up to $17 million for other specified purposes, with no bonds to be issued after October 1, 2019.
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Takes effect July 1, 2014.
Legislative Description
Emerging Crops Fund; extend date of reverter language on provisions authorizing issuance of general obligation bonds for.
Last Action
Died On Calendar
2/13/2014