Mississippi Legislature

1998 Regular Session

House Bill 1506

[Introduced]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Governmental depositories; method of selection in cases of conflict of interest.

History of Actions:

101/19/98(H)Referred To Judiciary A
202/03/98(H)Died In Committee

Background Information:

Effective dateJuly 1, 1998
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredNo

House Committee:

Principal Author: Williams

Code Sections: A 025-0004-0105, A 019-0009-0029, A 021-0033-0323, A 037-0059-0011

Title: AN ACT TO AMEND SECTIONS 25-4-105, 19-9-29, 21-33-323, 37-59-11, MISSISSIPPI CODE OF 1972, AND TO CREATE NEW CODE SECTIONS TO BE CODIFIED AS SECTIONS 27-105-373, 19-9-33, 21-33-331 AND 21-33-527, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IF ANY MEMBER OF A GOVERNING BODY OF ANY DISTRICT, COUNTY, CITY OR TOWN HAS A DIRECT OR INDIRECT CONFLICT OF INTEREST REGARDING A DECISION OF THAT BODY FOR THE SELECTION OF A DEPOSITORY, THE STATE TREASURER SHALL BE DESIGNATED TO MAKE ALL DECISIONS AND TAKE ANY ACTION WITHIN THE AUTHORITY OF THE GOVERNING BODY RELATED TO SUCH SELECTION; TO PROVIDE THAT IF ANY MEMBER OF A GOVERNING BODY OF ANY DISTRICT, COUNTY, CITY OR TOWN HAS A DIRECT OR INDIRECT CONFLICT OF INTEREST REGARDING A DECISION OF THAT BODY FOR THE SALE OF BONDS, THE STATE BOND COMMISSION SHALL BE DESIGNATED TO MAKE ALL DECISIONS AND TAKE ANY ACTION WITHIN THE AUTHORITY OF THE GOVERNING BODY RELATED TO SUCH SALE; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/03/98 at 18:29.



End Of Document

1998/History/HB\HB1506.htm