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MS HB19
Bill
Status
2/5/2019
Primary Sponsor
David Baria
Click for details
AI Summary
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Requires the State Bond Commission, Mississippi Development Bank, and Mississippi Business Finance Corporation to select bond counsel through a competitive request for proposals process based on lowest and best proposal.
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Establishes evaluation criteria for proposals including law firm history, staff qualifications, prior contract performance, pending lawsuits or investigations, and other relevant information.
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Mandates public notice of at least 10 working days through newspapers, websites, and trade publications, with public opening and inspection of all proposals.
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Requires posting of selected bond counsel names, addresses, and payment amounts on the Department of Finance and Administration and State Treasurer websites.
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Takes effect July 1, 2019.
Legislative Description
Bond counsel; require certain to be selected through competitive request for proposals process.
Last Action
Died In Committee
2/5/2019