Loading chat...
MS SB2981
Bill
AI Summary
-
Authorizes the Kemper County Board of Supervisors to create the Kemper County Natural Gas District as a political subdivision of Mississippi with power to construct and operate a natural gas transmission and distribution system
-
Establishes a six-member interim board of commissioners appointed by the Board of Supervisors, transitioning to elected commissioners chosen by district users once 100 customers receive service
-
Grants the district authority to issue revenue bonds up to $10,000,000 to finance system construction, with bonds subject to public notice and potential voter protest requiring an election if 10% of users object
-
Exempts the district from Mississippi Public Service Commission jurisdiction, treating it as a municipal gas system, and exempts system property from ad valorem taxes if acquired through lease-purchase
-
Empowers the board to accept grants and loans from federal and state agencies, contract with public or private entities for system management, and employ engineers and attorneys
Legislative Description
Kemper County; authorize creation of the Kemper County Natural Gas District.
Last Action
Approved by Governor
4/7/2014