MS HB963

Allows sealed bids for bond sales by counties, school districts, and other political subdivisions to be submitted in electronic form, in addition to traditional methods.

Requires successful bond bidders to submit a good faith deposit of at least 2% of the par value by noon the next business day following the sale, which may be submitted by wire transfer or cashier's check.

Permits governing authorities to sell bonds by private sale within 60 days if the successful bidder fails to timely submit the required good faith deposit, but only at a price no lower than the next highest bid received.

Requires bonds to be readvertised if not sold by private sale within the 60-day window following an advertised sale.

Takes effect July 1, 2019.