Bill Text | History of Actions | Background | Title |
Description: Real Property and Facilities Fund; create and issue g.o. bonds to fund.
Bill Text: [Introduced] [Committee Substitute] [Passed Senate]
| 1 | 02/16 (S) Referred To Finance | |
| 2 | 02/22 (S) Title Suff Do Pass Comm Sub | |
| 3 | 02/22 (S) Committee Substitute Adopted | |
| 4 | 02/22 (S) Passed | |
| 5 | 02/23 (S) Transmitted To House | |
| 6 | 02/23 (H) Referred To Ways and Means | |
| 7 | 03/14 (H) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
Senate Committee:
House Committee:
Principal Author: Robertson
Code Sections: A 029-0001-0001, A 031-0011-0003
Title: AN ACT TO AUTHORIZE THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO SELL AND CONVEY OR PURCHASE REAL PROPERTY IN THE JACKSON METROPOLITAN AREA IN ORDER TO EFFICIENTLY MEET THE FACILITY NEEDS OF STATE AGENCIES; TO PROVIDE THAT MONEY FROM THE SALE OF STATE-OWNED PROPERTY IN THE JACKSON METROPOLITAN AREA SHALL BE DEPOSITED INTO THE REAL PROPERTY AND FACILITIES FUND; TO CREATE THE REAL PROPERTY AND FACILITIES FUND WHICH SHALL CONSIST OF MONEY DEPOSITED FROM THE SALE OF ALL REAL PROPERTY OF THE STATE OF MISSISSIPPI IN THE JACKSON METROPOLITAN AREA AND MONEY DESIGNATED FOR DEPOSIT THEREIN FROM ANY OTHER SOURCE; TO PROVIDE THAT MONEY IN THE FUND MAY BE EXPENDED BY THE DEPARTMENT OF FINANCE AND ADMINISTRATION FOR THE ACQUISITION OF PROPERTY FOR STATE AGENCIES AND RELATED FACILITY NEEDS IN THE JACKSON METROPOLITAN AREA; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS IN THE AMOUNT OF $1,000,000.00 AND TO PROVIDE THAT THE PROCEEDS OF SUCH BONDS SHALL BE DEPOSITED INTO THE REAL PROPERTY AND FACILITIES FUND; TO AMEND SECTIONS 29-1-1 AND 31-11-3, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
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2006/pdf/History/SB/SB3075.htm