Mississippi Legislature

1999 Regular Session

House Bill 1587

[Introduced]

Instructions Bill Status Menu




History of Actions

Background

Title

Description: Municipalities; authorize to issue bonds to promote business development.

History of Actions:

102/12/99(H)Referred To Ways and Means
202/24/99(H)Died In Committee

Background Information:

Effective dateJuly 1, 1999
DispositionDead
DeadlineRevenue/Appropriation
RevenueYes
3/5ths vote requiredYes

House Committee:

Principal Author: Holland

Additional Authors: Ford, Scott (17th)

Title: AN ACT TO GRANT MUNICIPALITIES THE SAME POWERS TO ISSUE BONDS AS ARE GRANTED TO THE MISSISSIPPI BUSINESS FINANCE CORPORATION; TO EXEMPT ALL PROCEEDS FROM THE SALE OF ANY BONDS UNDER THIS ACT FROM ALL TAXATION BY THE STATE OR ANY POLITICAL SUBDIVISION THEREOF; TO PROVIDE THAT ALL MORTGAGES OR DEEDS OF TRUST ENTERED INTO AND ALL LEASE, LOAN OR PURCHASE AGREEMENTS MADE PURSUANT TO THIS ACT SHALL BE EXEMPT FROM ALL TAXATION BY THE STATE; TO PROVIDE FOR EXCEPTIONS UNDER THE TAX EXEMPTIONS; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/24/99 at 14:26.



End Of Document

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