Loading chat...
MS HB387
Bill
Status
4/17/2014
Primary Sponsor
Mark Formby
Click for details
AI Summary
-
Extends the reverter date for State Bond Commission authority to negotiate bond sales under the Mississippi Major Economic Impact Act from June 30, 2014 to July 1, 2018.
-
Changes the bond issuance authority for projects defined in Section 57-75-5(f)(xviii) from expiring June 30, 2011 to expiring June 30, 2016.
-
Modifies Section 7 of the bill to restrict bond sales to sealed bids at public sale only, removing the authority to negotiate sales, and requires bonds to be sold at not less than par plus accrued interest.
-
Changes authorization for Section 57-75-11(tt) from providing grants and loans to providing loans only in bond proceeds allocation.
-
Takes effect July 1, 2014.
Legislative Description
Mississippi Major Economic Impact Act; extend reverter on authority of State Bond Commission to negotiate sale of bonds issued.
Last Action
Approved by Governor
4/17/2014