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MS HB747

Bill

Official Source

Status

Failed

2/27/2018

Primary Sponsor

Henry Zuber

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

  • Authorizes the State Treasurer to invest excess general and special funds of Mississippi in bonds issued, assumed, or guaranteed by the State of Israel, provided such bonds have an AAA credit rating.

  • Adds Israeli bonds as an eligible investment option under Section 27-105-33 of the Mississippi Code, alongside existing authorized investments such as U.S. Treasury obligations and certificates of deposit.

  • Limits Israeli bond investments to those with AAA credit ratings to ensure investment quality and security.

  • Takes effect July 1, 2018.

Legislative Description

Excess state funds; authorize a portion of to be invested in bonds issued, assumed or guaranteed by the State of Israel.

Last Action

Died In Committee

2/27/2018

Committee Referrals

Finance2/12/2018
Ways and Means1/11/2018

Full Bill Text

No bill text available