Mississippi Legislature
2004 Regular Session

House Bill 1080

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Bill Text

History of Actions

Background

Title

Description: Bonds; limit annual amount that Legislature may authorize.

Bill Text: [Introduced]

History of Actions:

1 02/18 (H) Referred To Ways and Means
2 03/09 (H) Died In Committee

Background Information:

Effective datePassage
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

House Committee:

Principal Author: Brown

Additional Authors: Ishee, Mayo

Title: AN ACT TO CREATE A NEW CODE SECTION TO PROHIBIT THE LEGISLATURE FROM AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS, IN ANY FISCAL YEAR, IN EXCESS OF FIVE PERCENT OF THE TAX REVENUE COLLECTED BY THE STATE TAX COMMISSION AND DEPOSITED IN THE GENERAL FUND IN THE PRECEDING FISCAL YEAR; TO AUTHORIZE SUCH BONDED INDEBTEDNESS TO BE EXCEEDED UNDER CERTAIN CIRCUMSTANCES; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/09/04 at 18:00.

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2004/html/History/HB/HB1080.htm