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MS HB24

Bill

Status

Passed

7/8/2020

Primary Sponsor

John Lamar

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Allows sealed bids for bond sales by Mississippi political subdivisions to be submitted in electronic form, in addition to traditional paper bids.

  • Removes the requirement that banks issuing or certifying cashier's checks, certified checks, or exchanges for bidders' guaranties must be located in Mississippi.

  • Permits wire transfers as an alternative form of bidder's guaranty, in addition to cashier's checks, certified checks, or exchanges.

  • Exempts bond sales by the State Bond Commission and certain county project bonds from the section's requirements.

Legislative Description

Bonds; revise certain provisions regarding sale by political subdivisions and other instrumentalities.

Last Action

Approved by Governor

7/8/2020

Committee Referrals

Finance2/28/2020
Ways and Means1/24/2020

Full Bill Text

No bill text available