History of Actions | Background | Title |
Description: Bonds; issue bonds to provide funds for loan/grant programs to assist in improving or expanding water resource projects.
| 1 | 02/24/98 | (H) | Referred To Ways and Means | |
| 2 | 02/25/98 | (H) | Died In Committee |
| Effective date | July 1, 1998 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Mitchell
Code Sections: A 027-0033-0077, A 027-0065-0075
Title: AN ACT TO ESTABLISH A WATER RESOURCES DEVELOPMENT AND MAINTENANCE LOAN PROGRAM AND A WATER RESOURCES DEVELOPMENT AND MAINTENANCE GRANT PROGRAM FOR THE PURPOSE OF ASSISTING COUNTIES, MUNICIPALITIES AND DISTRICTS IN THE CONSTRUCTION, REPAIR, IMPROVEMENT OR EXPANSION OF WATER RESOURCE PROJECTS; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE PROGRAMS CREATED BY THIS ACT; TO CREATE A SPECIAL FUND IN THE STATE TREASURY DESIGNATED AS THE "WATER RESOURCES DEVELOPMENT AND MAINTENANCE REVOLVING LOAN FUND" AND THE "WATER RESOURCES DEVELOPMENT AND MAINTENANCE GRANT FUND"; TO PRESCRIBE THE MANNER IN WHICH FUNDS UNDER THIS ACT MAY BE MADE AVAILABLE AND EXPENDED BY COUNTIES, MUNICIPALITIES AND DISTRICTS; TO PRESCRIBE THE DUTIES OF THE COMMISSION ON ENVIRONMENTAL QUALITY UNDER THIS ACT; TO AMEND SECTION 27-33-77, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE REIMBURSEMENT FOR TAX LOSS BECAUSE OF HOMESTEAD EXEMPTION ALLOCATED TO COUNTIES TO BE PLEDGED AS SECURITY FOR A LOAN UNDER THIS ACT; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE PERCENTAGE OF SALES TAX REVENUE ALLOCATED FOR DISTRIBUTION TO A MUNICIPAL CORPORATION TO BE PLEDGED AS SECURITY FOR A LOAN UNDER THIS ACT; AND FOR RELATED PURPOSES.
End Of Document
1998/History/HB\HB1813.htm