2001 Regular Session
To: Education; Appropriations
By: Senator(s) Robertson, Minor, Moffatt, Ross, Canon
Senate Bill 2439
AN ACT TO REPEAL SECTION 37-57-108, MISSISSIPPI CODE OF 1972, WHICH PROVIDES ADDITIONAL AUTHORITY FOR THE ISSUANCE OF PROMISSORY NOTES BY SCHOOL DISTRICTS IN THE EVENT OF REVENUE SHORTFALL; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 37-57-108, Mississippi Code of 1972, which provides additional authority for the issuance of promissory notes by school districts in the event of revenue shortfall, is hereby repealed.
SECTION 2. This act shall take effect and be in force from and after its passage.