Mississippi Legislature
2002 Regular Session

Senate Bill 2151

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Bill Text

History of Actions

Background

Title

Description: Transportation Commission; authorize short term borrowing to fund cash flow deficiencies.

Bill Text: [Introduced]

History of Actions:

1 01/09 (S) Referred To Highways and Transportation;Appropriations
2 01/16 (S) DR - TSDP: HI To AP
3 02/27 (S) Died In Committee

Background Information:

Effective dateJuly 1, 2002
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

Senate Committees:

Principal Author: Dearing

Additional Author: Gordon

Title: AN ACT TO AUTHORIZE THE MISSISSIPPI TRANSPORTATION COMMISSION TO BORROW AN AMOUNT OF MONEY NOT TO EXCEED $50,000,000.00 IN THE AGGREGATE FROM ANY SOURCE FOR CASH FLOW NEEDS THROUGHOUT THE YEAR WHEN THE EXECUTIVE DIRECTOR OF THE MISSISSIPPI DEPARTMENT OF TRANSPORTATION CERTIFIES TO THE COMMISSION THAT IN HIS OPINION THE DEPARTMENT WILL EXPERIENCE CASH FLOW DEFICIENCIES; TO PROVIDE THAT THE TERM OF ANY SUCH LOAN SHALL NOT BE MORE THAN 24 MONTHS; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/27/02 at 17:00.

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2002/html/History/SB/SB2151.htm