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MS HB439
Bill
Status
2/23/2016
Primary Sponsor
Stephen Horne
Click for details
AI Summary
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Mandates that an election must be held before county boards of supervisors issue bonds for purposes enumerated in Sections 19-9-1 and 19-9-3, removing the previous option to issue bonds without an election if no protest was filed.
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Requires the board of supervisors to publish a resolution of intent to issue bonds once weekly for at least three consecutive weeks in a newspaper published in the county, with notice posted at three public places if no newspaper is available.
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Mandates that municipal governing authorities hold an election before issuing bonds for purposes enumerated in Section 21-33-301, eliminating the previous provision allowing issuance without an election absent a formal protest.
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Requires municipal clerks to publish notice of bond elections once weekly for at least three consecutive weeks in a newspaper, with the first publication at least 21 days before the election and the last no more than seven days before.
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Takes effect July 1, 2016.
Legislative Description
Bonds; mandate election on issue of county or municipal bonds.
Last Action
Died In Committee
2/23/2016