Mississippi Legislature
2005 Regular Session

Senate Bill 2433

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Bill Text

History of Actions

Background

Title

Description: Bonds; authorize counties to issue bonds to fund construction of state aid roads.

Bill Text: [Introduced]

History of Actions:

1 01/14 (S) Referred To County Affairs;Finance
2 02/23 (S) Died In Committee

Background Information:

Effective dateJuly 1, 2005
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

Senate Committees:

Principal Author: Dawkins

Additional Author: Williamson

Code Section: A 027-0065-0075

Title: AN ACT TO AUTHORIZE COUNTIES TO ISSUE BONDS FOR THE PURPOSE OF CONSTRUCTING STATE AID ROADS; TO PROVIDE THAT COUNTIES SHALL NOT ISSUE BONDS UNDER THE PROVISIONS OF THIS ACT IN AN AMOUNT WHICH CANNOT BE RETIRED IN 20 YEARS FROM THE DATE OF ISSUE OUT OF 25% OF THE STATE AID ROAD FUNDS ALLOCATED TO THE COUNTY FOR THE PRECEDING FISCAL YEAR; TO PROVIDE THAT THE BONDS ISSUED UNDER THIS ACT SHALL BE PAYABLE FROM STATE AID ROAD FUNDS ALLOCATED TO THE COUNTY; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/23/05 at 15:38.

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