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MS HB500

Bill

Official Source

Status

Passed

3/25/2021

Primary Sponsor

John Lamar

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Amends Section 43-33-729 of the Mississippi Code to remove the sunset provision (reverter) that was scheduled to take effect on July 1, 2021
  • Maintains the Mississippi Home Corporation's permanent authority to issue negotiable bonds and notes annually in an aggregate principal amount not to exceed $350,000,000
  • Excludes from the $350,000,000 annual cap any bonds and notes issued to refund outstanding bonds, bonds where the corporation acts as a conduit issuer, and bonds issued for Hurricane Katrina-related purposes
  • Eliminates the previous restriction that would have limited future bond issuances to only the aggregate principal amount outstanding as of July 1, 2021
  • Takes effect immediately upon passage

Legislative Description

Mississippi Home Corporation; extend reverter on authority to issue a certain amount of bonds.

Last Action

Approved by Governor

3/25/2021

Committee Referrals

Finance2/16/2021
Ways and Means1/18/2021

Full Bill Text

No bill text available