MISSISSIPPI LEGISLATURE

1998 Regular Session

To: Constitution

By: Representative Robinson (84th)

A CONCURRENT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 115, MISSISSIPPI CONSTITUTION OF 1890, TO PROVIDE THAT THE FISCAL YEAR OF THE STATE AND ITS POLITICAL SUBDIVISIONS SHALL BE FROM JANUARY 1 TO DECEMBER 31; AND FOR RELATED PURPOSES. 

BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI, That the following amendment to the Mississippi Constitution of 1890 is proposed to the qualified electors of the state:

Amend Section 115, Mississippi Constitution of 1890, to read as follows:

"Section 115. The fiscal year of the State of Mississippi and all of its political subdivisions shall commence on the first day of January and end on the thirty-first day of December of each year; and the Auditor of Public Accounts and the Treasurer of the state shall compile, and have published, a full and complete report, showing the transactions of their respective offices on or before the thirty-first day of December of each year for the preceding fiscal year.

Neither the state nor any of its direct agencies, excluding the political subdivisions and other local districts, shall incur a bonded indebtedness in excess of one and one-half (1-1/2) times the sum of all the revenue collected by it for all purposes during any one of the preceding four (4) fiscal years, whichever year might be higher."

BE IT FURTHER RESOLVED, That this proposed amendment shall be submitted by the Secretary of State to the qualified electors at an election to be held on the first Tuesday after the first Monday of November 1998, as provided by Section 273 of the Constitution and by general law.

BE IT FURTHER RESOLVED, That the explanation of this proposed amendment for the ballot shall read as follows: "This proposed constitutional amendment provides that the fiscal year of the State of Mississippi and its political subdivisions shall be from January 1 to December 31."