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MS SB2604

Bill

Official Source

Status

Passed

4/16/2019

Primary Sponsor

Joey Fillingane

Click for details

Origin

Senate

2019 Regular Session

AI Summary

  • Deletes the requirement that the State Bond Commission must find a minimum 2% net present value savings to maturity when issuing variable rate refunding bonds.

  • Allows the commission to issue variable rate refunding bonds to refund outstanding bonds without the mandated savings threshold analysis.

  • Effective July 1, 2019.

Legislative Description

Variable rate refunding bonds; delete requirement that issuance must result in 2% saving over the bonds being refunded.

Last Action

Approved by Governor

4/16/2019

Committee Referrals

Ways and Means2/19/2019
Finance1/21/2019

Full Bill Text

No bill text available