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MS HB1138

Bill

Official Source

Status

Failed

2/27/2018

Primary Sponsor

Jeffrey Smith

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

  • Amends Section 31-18-7 of Mississippi Code to modify requirements for issuing variable rate refunding bonds by the state.

  • Removes the requirement that variable rate refunding bonds achieve a net present value savings to maturity of at least 2% when restructuring existing variable rate bonds.

  • The 2% net present value savings requirement still applies to all other variable rate refunding bond issuances.

  • Effective July 1, 2018.

Legislative Description

State variable rate refunding bonds; revise net present value savings to maturity requirement.

Last Action

Died In Committee

2/27/2018

Committee Referrals

Finance2/9/2018
Ways and Means1/15/2018

Full Bill Text

No bill text available