1998 Regular Session
To: Local and Private Legislation; Ways and Means
By: Representatives Fredericks, Barnett (116th), Dedeaux, Guice, Ishee, Janus, Peranich, Ryan, Simpson
House Bill 1848
(As Sent to Governor)
AN ACT TO AUTHORIZE THE BOARD OF SUPERVISORS OF HARRISON COUNTY, MISSISSIPPI, TO ISSUE GENERAL OBLIGATION BONDS IN AN AMOUNT NOT TO EXCEED $2,000,000.00 TO PROVIDE FUNDS FOR CAPITAL IMPROVEMENTS AT THE UNIVERSITY OF SOUTHERN MISSISSIPPI - GULF PARK CAMPUS; TO PROVIDE THAT SUCH BONDS SHALL BE ISSUED IN ACCORDANCE WITH THE LAWS GOVERNING THE ISSUANCE OF COUNTY BONDS; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. For the purpose of providing funds for constructing, equipping and furnishing a new building and/or for the repair, renovation, equipping and furnishing of any existing building at the University of Southern Mississippi - Gulf Park Campus at Long Beach, Mississippi, the Board of Supervisors of Harrison County, Mississippi ("board of supervisors"), is authorized to issue general obligation bonds of the county, including refunding bonds if deemed necessary. The total amount of bonds issued under this act shall not exceed the aggregate principal amount of Two Million Dollars ($2,000,000.00).
SECTION 2. All bonds issued under this act shall be issued and the proceeds managed in accordance with the provisions of Sections 19-9-5, 19-9-7, 19-9-11, 19-9-13, 19-9-15, 19-9-17, 19-9-19, 19-9-21, 19-9-23 and 19-9-25, Mississippi Code of 1972, and sold in accordance with the provisions of Section 31-19-25.
SECTION 3. Bonds issued under this act shall be general obligations of the county. The board of supervisors shall annually levy a special tax upon all of the taxable property within the county, which tax shall be sufficient to provide for the payment of the principal and the interest on such bonds according to the terms thereof.
SECTION 4. Any bonds issued under this act shall be validated in the manner provided by Chapter 13, Title 31, Mississippi Code of 1972.
SECTION 5. The board of supervisors is authorized to contract with any municipality or municipalities within the county, and any municipality or municipalities within the county are authorized to contract with the board of supervisors by entering into interlocal agreements for the purposes authorized by this act, including the sharing of debt service on bonds issued under this act. However, any agreement to share debt service on any such bonds shall not constitute a pledge of the full faith and credit of such municipality or municipalities, and shall not be included within the limitation on bonded indebtedness established by law for municipalities. Any agreement executed under this section may extend over any term, but shall not exceed the term of bonded indebtedness issued by the board of supervisors under this act.
SECTION 6. The board of supervisors may adopt any and all lawful resolutions, orders or ordinances, execute any documents, contracts, certificates and indentures, and do and perform any and all acts and things necessary and requisite to carry out the purposes of this act.
SECTION 7. This act, without reference to any other statute not referred to herein, shall be deemed to be full and complete authority for the borrowing of money and the issuing of bonds as authorized by the board of supervisors and shall be construed as an additional and alternate method therefor.
SECTION 8. No member of the Legislature, elected official or appointed official, or any partner or business associate of any member of the Legislature, elected official or appointed official, shall derive any income from the issuance of any bonds or the disposition of any property under this act contrary to the provisions of Section 109, Mississippi Constitution of 1890, or Article 3, Chapter 4, Title 25, Mississippi Code of 1972.
SECTION 9. The Board of Supervisors of Harrison County, Mississippi, shall submit this act, immediately upon approval by the Governor, or upon approval by the Legislature subsequent to a veto, to the Attorney General of the United States or to the United States District Court for the District of Columbia in accordance with the provisions of the Voting Rights Act of 1965, as amended and extended.
SECTION 10. This act shall take effect and be in force from and after the date it is effectuated under Section 5 of the Voting Rights Act of 1965, as amended and extended.