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MS HB176
Bill
Status
1/31/2017
Primary Sponsor
Stephen Horne
Click for details
AI Summary
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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.
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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.
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Applies the mandatory election requirement to both county bonds under Section 19-9-11 and municipal bonds under Section 21-33-307.
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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.
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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