History of Actions | Background | Title |
Description: Adequate education funds; delete authority to pledge for local bond issues and clarify Public School Building Fund provisions.
1 | 01/16/98 | (H) | Referred To Education;Appropriations | |
2 | 02/03/98 | (H) | Died In Committee |
Effective date | Passage | |
Disposition | Dead | |
Deadline | General Bill/Constitutional Amendment | |
Revenue | No | |
3/5ths vote required | Yes |
House Committees:
Principal Author: Frierson
Code Sections: A 037-0151-0007, A 037-0047-0013, A 037-0047-0023, A 037-0047-0025, A 037-0047-0033, A 037-0047-0045, A 037-0047-0061, BF 037-0047-0009
Title: AN ACT TO AMEND SECTION 37-151-7, MISSISSIPPI CODE OF 1972, TO DELETE THE AUTHORITY OF LOCAL SCHOOL DISTRICTS TO ISSUE BONDS SECURED BY ADEQUATE EDUCATION PROGRAM FUNDS; TO AMEND SECTION 37-47-13, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT SCHOOL DISTRICTS HAVING ADEQUATE EDUCATION FUNDS ALLOCATED TO THE STATE PUBLIC SCHOOL BUILDING FUND TO THEIR CREDIT SHALL BE ISSUED CERTIFICATES OF CREDIT FOR SUCH ALLOCATIONS TO THE FUND; TO AMEND SECTIONS 37-47-23 AND 37-47-25, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; TO AMEND SECTIONS 37-47-33 AND 37-47-45, MISSISSIPPI CODE OF 1972, TO REVISE THE AMOUNT OF STATE SCHOOL BONDS THAT THE STATE BOND COMMISSION MAY ISSUE TO FUND THE PUBLIC SCHOOL BUILDING FUND AND TO DELETE THE FINAL MATURITY DATE OF SUCH BONDS; TO AMEND SECTION 37-47-61, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT LOANS MADE TO SCHOOL DISTRICTS FROM THE PUBLIC SCHOOL BUILDING FUND SHALL BE REPAID WITH ADEQUATE EDUCATION FUNDS ALLOCATED TO THE FUND TO THE CREDIT OF SUCH DISTRICTS AS WELL AS WITH SUCH DISTRICTS' ANNUAL GRANTS; TO BRING FORWARD SECTION 37-47-9, MISSISSIPPI CODE OF 1972, WHICH PROVIDES FOR ANNUAL GRANTS TO BE MADE BY THE STATE TO THE PUBLIC SCHOOL BUILDING FUND TO BE CREDITED TO THE SCHOOL DISTRICTS; AND FOR RELATED PURPOSES.
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1998/History/HB\HB1068.htm