Bill Text | History of Actions | Background | Title |
Description: Tax increment financing; cities may levy special assessments on redevelopment projects to pay debt service on TIF bonds.
Bill Text: [Introduced]
| 1 | 02/01 (S) Referred To Finance | |
| 2 | 02/22 (S) Died In Committee |
| Effective date | July 1, 2006 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
Senate Committee:
Principal Author: Chaney
Code Section: A 021-0045-0009
Title: AN ACT TO AMEND SECTION 21-45-9, MISSISSIPPI CODE OF 1972, TO AUTHORIZE A MUNICIPALITY TO IMPOSE A SPECIAL ASSESSMENT ON A REDEVELOPMENT PROJECT FOR WHICH TAX INCREMENT FINANCING BONDS HAVE BEEN ISSUED IF THE ADDED INCREMENTS OF AD VALOREM TAX REVENUES OR ANY PORTION OF THE SALES TAXES TO RESULT FROM ANY REDEVELOPMENT PROJECT BECOME INSUFFICIENT TO PAY THE DEBT SERVICE ON THE BONDS; AND FOR RELATED PURPOSES.
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2006/html/History/SB/SB2996.htm