History of Actions | Background | Title |
Description: Residential housing improvement; issue bonds and authorize partial ad valorem tax exemption.
| 1 | 01/07/97 | (H) | Referred To Ways and Means | |
| 2 | 02/26/97 | (H) | Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Reeves
Title: AN ACT TO ENACT THE MISSISSIPPI RESIDENTIAL HOUSING IMPROVEMENT PROJECT ACT; TO CREATE THE MISSISSIPPI RESIDENTIAL HOUSING IMPROVEMENT PROJECT; TO PROVIDE THAT THE PROJECT MAY ISSUE NEGOTIABLE BONDS AND NOTES IN AN AGGREGATE PRINCIPAL AMOUNT OF $10 MILLION DOLLARS; TO PROVIDE FUNDS FOR THE IMPROVEMENT OF RESIDENTIAL HOUSING IN ANY MUNICIPALITY IN THE STATE WHICH HAS A POPULATION IN EXCESS OF 150,000; TO AUTHORIZE SUCH A MUNICIPALITY TO GRANT A PARTIAL EXEMPTION ON THE VALUE OF THE REAL PROPERTY IN AN AMOUNT EQUAL TO THE INCREASE IN THE ASSESSED VALUE OF THE PROPERTY RESULTING FROM THE IMPROVEMENTS TO THE REAL PROPERTY MADE UNDER THIS ACT; AND FOR RELATED PURPOSES.
End Of Document
1997/History/HB\HB0315.htm