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MS HB693

Bill

Official Source

Status

Failed

2/28/2023

Primary Sponsor

Lester Carpenter

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Increases the maximum surety bond amount for municipal aldermen and councilmen from $100,000 to $1,000,000

  • Bond amount is calculated as 5% of total municipal taxes collectible in the year immediately preceding the official's term of office

  • Maintains the minimum bond requirement of $50,000 for municipalities with populations over 2,000 according to the latest federal census

  • Effective date of July 1, 2023

Legislative Description

Aldermen and councilmen; increase the maximum amount of surety bond that may be given by.

Last Action

Died In Committee

2/28/2023

Committee Referrals

Municipalities2/14/2023
Municipalities1/16/2023

Full Bill Text

No bill text available