Mississippi Legislature

1999 Regular Session

Senate Bill 3023

[Introduced] [Passed Senate] [Sent to Governor]

Instructions Bill Status Menu




History of Actions

Amendments

Background

Title

Description: Four-Lane Highway Program; provide for issuance of refunding bonds for temporary borrowings.

History of Actions:

101/18/99(S)Referred To Highways and Transportation;Finance
201/27/99(S)DR - TSDP: HI To FI
302/16/99(S)Title Suff Do Pass
402/23/99(S)Passed
502/24/99(S)Transmitted To House
602/24/99(H)Referred To Transportation;Ways and Means
703/10/99(H)DR - TSDPAA: TR To WM
803/11/99(H)DR - TSDPAA: WM To TR
903/11/99(H)Title Suff Do Pass As Amended
1003/15/99(H)Amended
1103/15/99(H)Passed As Amended
1203/16/99(H)Returned For Concurrence
1303/18/99(S)Decline to Concur/Invite Conf
1403/24/99(S)Conferees Named Little,Bryan,Stogner
1503/25/99(H)Conferees Named Compretta,Wallace,Woods
1603/27/99(S)Conference Report Filed
1703/27/99(H)Conference Report Filed
1803/29/99(H)Conference Report Adopted
1903/29/99(S)Conference Report Adopted
2004/07/99(S)Enrolled Bill Signed
2104/07/99(H)Enrolled Bill Signed
2204/22/99Approved by Governor

Amendments/Conference Report:

Adopted [H] Amendment No 1

Conference Report

Background Information:

Effective datePassage
DispositionLaw
DeadlineRevenue/Appropriation
RevenueYes
3/5ths vote requiredYes
Chapter number575

Senate Committees:

House Committees:

Principal Author: Little*

Code Sections: A 031-0017-0127, A 027-0104-0027, A 027-0005-0101, A 027-0019-0099, A 027-0019-0325, A 027-0057-0037, A 027-0065-0075, A 065-0039-0035

Title: AN ACT TO AMEND SECTION 31-17-127, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE STATE BOND COMMISSION TO ISSUE REFUNDING NOTES OR BONDS THAT MATURE NOT MORE THAN TEN YEARS FROM THE DATE OF ISSUANCE TO REFUND TEMPORARY BORROWINGS MADE TO FUND CONSTRUCTION PRIORITIES OF THE FOUR-LANE HIGHWAY PROGRAM; TO PROVIDE THAT SUCH REFUNDING BONDS OR NOTES SHALL BE FUNDED AND RETIRED BY PLEDGES OF CERTAIN FEDERAL AID GRANT REIMBURSEMENTS AND STATE TAX REVENUE DESIGNATED TO FUND THE FOUR-LANE HIGHWAY PROGRAM; TO CREATE THE FOUR-LANE HIGHWAY TRUST FUND AND TO REQUIRE THE PLEDGED FUNDS TO BE DEPOSITED INTO SUCH FUND UNTIL THERE IS AN AMOUNT EQUAL TO THE NEXT TWO DEBT SERVICE REQUIREMENTS OF THE REFUNDING NOTES OR BONDS; TO REQUIRE THAT AMOUNTS IN THE FOUR-LANE HIGHWAY TRUST FUND IN EXCESS OF THE REQUIRED BALANCE SHALL BE TRANSFERRED BY THE STATE TREASURER TO THE STATE HIGHWAY FUND; TO AMEND SECTION 27-104-27, MISSISSIPPI CODE OF 1972, TO EXEMPT THE FOUR-LANE HIGHWAY TRUST FUND FROM THE REQUIREMENT OF AN APPROPRIATION; TO AMEND SECTIONS 27-5-101, 27-19-99, 27-19-325, 27-57-37, 27-65-75 AND 65-39-35, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 04/28/99 at 00:00.



End Of Document

1999\pdf\History/SB\SB3023.htm