Bill Text | History of Actions | Amendments | Background | Title |
Description: School Property Development Act of 2005; create.
Bill Text: [Introduced] [Committee Substitute] [Passed House] [Sent to Governor]
| 1 | 01/17 (H) Referred To Education | |
| 2 | 01/27 (H) Title Suff Do Pass Comm Sub | |
| 3 | 02/08 (H) Committee Substitute Adopted | |
| 4 | 02/08 (H) Amended | |
| 5 | 02/08 (H) Passed As Amended | |
| 6 | 02/08 (H) Motion to Reconsider Entered | |
| 7 | 02/11 (H) Reconsidered | |
| 8 | 02/11 (H) Amended | |
| 9 | 02/11 (H) Passed As Amended | |
| 10 | 02/15 (H) Transmitted To Senate | |
| 11 | 02/16 (S) Referred To Education;Finance | |
| 12 | 02/22 (S) DR - TSDPAA: ED To FI | |
| 13 | 03/01 (S) Title Suff Do Pass As Amended | |
| 14 | 03/03 (S) Amended | |
| 15 | 03/03 (S) Passed As Amended | |
| 16 | 03/04 (S) Returned For Concurrence | |
| 17 | 03/14 (H) Decline to Concur/Invite Conf | |
| 18 | 03/23 (H) Conferees Named Brown,Myers,Reeves | |
| 19 | 03/23 (S) Conferees Named Chaney,Robertson,Bryan | |
| 20 | 03/26 (H) Conference Report Filed | |
| 21 | 03/26 (S) Conference Report Filed | |
| 22 | 03/27 (S) Conference Report Adopted | |
| 23 | 03/28 (H) Conference Report Adopted | |
| 24 | 04/03 (S) Enrolled Bill Signed | |
| 25 | 04/03 (H) Enrolled Bill Signed | |
| 26 | 04/20 Approved by Governor |
| Adopted | [H] | Amendment No 1 (Cmte Sub) |
| Lost | [H] | Amendment No 2 (Cmte Sub) |
| Lost | [H] | Amendment No 3 (Cmte Sub) |
| Adopted | [H] | Amendment No 4 (Cmte Sub) |
| Adopted | [H] | Amendment No 5 (Cmte Sub) |
| Adopted | [H] | Amendment No 6 (Cmte Sub) |
| Adopted | [H] | Amendment No 7 (Cmte Sub) |
| Adopted | [S] | Committee Amendment No 1 |
| [S] | Amendment Report for House Bill No. 1302 |
| Conference Report |
| Effective date | Passage | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths | |
| Chapter number | 540 |
House Committee:
Senate Committees:
Principal Author: Watson
Code Sections: A 037-0007-0301, A 037-0007-0471, A 037-0007-0473, A 037-0007-0475, A 037-0007-0477, A 037-0007-0479, A 037-0007-0481, A 037-0007-0483, A 027-0065-0105
Title: AN ACT TO CODIFY SECTION 37-7-485, MISSISSIPPI CODE OF 1972, TO BE KNOWN AS THE "SCHOOL PROPERTY DEVELOPMENT ACT OF 2005"; TO AUTHORIZE SCHOOL BOARDS TO SELL, CONVEY OR EXCHANGE, IN WHOLE OR IN PART, A NONOPERATIONAL PROPERTY INTEREST IN PROPOSED DEVELOPMENT PROJECTS; TO AUTHORIZE A SCHOOL BOARD TO PLEDGE REVENUES RECEIVED UNDER SECTIONS 37-7-471 THROUGH 37-7-483, MISSISSIPPI CODE OF 1972, FOR THE REPAYMENT OF NOTES AND OTHER OBLIGATIONS; TO PROHIBIT ANY PERSON FROM BEING INVOLVED IN ANY ECONOMIC DEVELOPMENT PROJECT ENTERED INTO BY A SCHOOL BOARD WHERE RELATED BY CONSANGUINITY WITHIN THE THIRD DEGREE TO ANY MEMBER OF THE SCHOOL BOARD OR THE SUPERINTENDENT OR ASSISTANT SUPERINTENDENT; TO MANDATE THAT SCHOOL BOARDS USE SOUND BUSINESS PRACTICES WHEN EXECUTING SUCH AGREEMENTS; TO AUTHORIZE THE MISSISSIPPI DEVELOPMENT AUTHORITY OR THE LOCAL SCHOOL BOARD TO REQUIRE ADDITIONAL INFORMATION FROM INVESTORS IN ANY PROPOSED DEVELOPMENT; TO AUTHORIZE SCHOOL BOARDS TO AUTHORIZE THE INVESTMENT OF SCHOOL DISTRICT FUNDS IN THE SAME KIND DISTRICT FUNDS IN THE SAME KIND AND MANNER OF INVESTMENTS AS ANY OTHER POLITICAL SUBDIVISION; TO AUTHORIZE THE SCHOOL BOARD TO RETAIN A SECURITY INTEREST IN ANY SUCH PROPERTY CONVEYED FOR DEVELOPMENT PURPOSES; TO LIMIT LIABILITY OF THE SCHOOL DISTRICT TO THE VALUE OF THE PROPERTY INTEREST RETAINED BY THE SCHOOL BOARD; TO REQUIRE SCHOOL BOARD MEMBERS TO CERTIFY THAT THEY ARE IN COMPLIANCE WITH SECTION 25-4-27 REGARDING FILING OF STATEMENTS OF ECONOMIC INTEREST WITH THE MISSISSIPPI ETHICS COMMISSION; TO AMEND SECTION 37-7-301, MISSISSIPPI CODE OF 1972, TO PROVIDE AN ADDITIONAL METHOD OF DISPOSING OF SURPLUS SCHOOL PROPERTY WHICH MAY PROMOTE ECONOMIC DEVELOPMENT WITHIN THE SCHOOL DISTRICT; TO ALLOW SCHOOL BOARDS TO CONTRACT WITH FINANCIAL INSTITUTIONS TO ALLOW THE WITHHOLDING OF FUNDS BY STATE AGENCIES WITH RESPECT TO THE ISSUANCE OF BONDS, NOTES OR OTHER OBLIGATIONS, TO ALLOW THE WITHHOLDING OF FUNDS BY STATE AGENCIES IN THE EVENT OF DEFAULT BY A LOCAL SCHOOL BOARD; TO AUTHORIZE A SCHOOL BOARD TO ACCEPT THE SAME TYPE GOOD FAITH DEPOSIT OR BID BOND OR BID SURETY THAT MAY BE ACCEPTED BY THE STATE OR OTHER POLITICAL SUBDIVISIONS; TO AMEND SECTION 37-7-471, MISSISSIPPI CODE OF 1972, TO ALLOW A SCHOOL DISTRICT TO RETAIN AN UNDIVIDED INTEREST IN PROPERTY DISPOSED BY THE SCHOOL BOARD IF IT MAY YIELD A HIGHER LONG-TERM ECONOMIC BENEFIT; TO AMEND SECTION 37-7-473, MISSISSIPPI CODE OF 1972, TO ALLOW SCHOOL PROPERTY TO BE USED AS PART OF DEVELOPMENT ACTIVITIES; TO AMEND SECTION 37-7-475, MISSISSIPPI CODE OF 1972, TO ALLOW CONVEYANCES TO INCLUDE A RETENTION OF A PARTIAL INTEREST BY THE SCHOOL BOARD; TO AMEND SECTION 37-7-477, MISSISSIPPI CODE OF 1972, TO MAKE REVERSION OF INTERESTS DISCRETIONARY IF THE SCHOOL BOARD RETAINS A PARTIAL INTEREST IN THE PROPERTY; TO AMEND SECTION 37-7-479, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A REVERTER IS DISCRETIONARY IF THE SCHOOL BOARD RETAINS A PARTIAL INTEREST IN THE PROPERTY; TO AMEND SECTION 37-7-481, MISSISSIPPI CODE OF 1972, TO ALLOW SCHOOL BOARDS TO CONTRACT WITH OTHER GOVERNMENTAL ENTITIES; TO AMEND SECTION 37-7-483, MISSISSIPPI CODE OF 1972, TO CLARIFY LEGISLATIVE INTENT WITH RESPECT TO DEVELOPMENT OF SCHOOL PROPERTY; TO PROVIDE THAT NO PERSON, AGENT, SUBSIDIARY OR PARENT CORPORATION OR FIRM OWNED IN WHOLE OR IN PART BY THE PERSON, SHALL BE ELIGIBLE TO BID IN THE CONSTRUCTION ON ANY PROJECT FOR WHICH THE PERSON HAS BEEN HIRED TO PERFORM CONSTRUCTION PROGRAM MANAGEMENT SERVICES; TO AMEND SECTION 27-65-105, MISSISSIPPI CODE OF 1972, TO EXEMPT SALES TO REGIONAL EDUCATIONAL SERVICE AGENCIES FROM SALES TAXATION; AND FOR RELATED PURPOSES.
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2005/html/History/HB/HB1302.htm