HB 1666 Summary

• Corrects the boundary description of the Sebastopol Natural Gas District to include specific sections in Scott, Newton, Leake, and Neshoba counties in Mississippi.

• Reauthorizes the Board of Commissioners of the Sebastopol Natural Gas District to sell bonds issued by the board through sealed bids at public sale or at private sale, at the commission's discretion.

• Maintains the district's interim board composition of six members: the Supervisor for District Five of Scott County, the Supervisor for District Three of Newton County (if that county participates), and four resident members appointed by the Governor.

• Retains authorization for the district to issue revenue bonds not to exceed $15,000,000 to finance construction and acquisition of a natural gas transmission and distribution system.

• Preserves the district's status as a valid political subdivision with power to construct and operate a natural gas system and conduct user elections to select resident commissioners after initial service commences.