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MS HB176

Bill

Status

Failed

1/31/2017

Primary Sponsor

Stephen Horne

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Mandates that an election must be held on the question of issuing county or municipal bonds, eliminating the previous option to issue bonds without an election if no protest is filed.

  • Requires the board of supervisors to adopt a resolution declaring its intention to issue bonds, specifying the amount, purpose, and proposed issuance date, with publication in newspapers for at least three consecutive weeks.

  • Applies the mandatory election requirement to both county bonds under Section 19-9-11 and municipal bonds under Section 21-33-307.

  • Maintains existing notice requirements for bond elections, including publication at least 21 days prior to the election date and posting at three public places if no newspaper is published in the county or municipality.

  • Takes effect July 1, 2017.

Legislative Description

Bonds; mandate election on issue of county or municipal bonds.

Last Action

Died In Committee

1/31/2017

Committee Referrals

Ways and Means1/3/2017

Full Bill Text

No bill text available