[Introduced] [Passed House] [Sent to Governor]
History of Actions | Background | Title |
Description: Retirement systems, municipal; may increase ad valorem tax levy to fund system under certain circumstances.
| 1 | 02/14/97 | (H) | Referred To Ways and Means | |
| 2 | 02/26/97 | (H) | Title Suff Do Pass | |
| 3 | 02/26/97 | (H) | Passed | |
| 4 | 02/26/97 | (H) | Motion to Reconsider Entered | |
| 5 | 02/27/97 | (H) | Motion to Reconsider Tabled | |
| 6 | 02/28/97 | (H) | Transmitted To Senate | |
| 7 | 03/03/97 | (S) | Referred To Finance | |
| 8 | 03/13/97 | (S) | Title Suff Do Pass As Amended | |
| 9 | 03/17/97 | (S) | Amended | |
| 10 | 03/17/97 | (S) | Passed As Amended | |
| 11 | 03/18/97 | (S) | Returned For Concurrence | |
| 12 | 03/21/97 | (H) | Concurred in Amend From Senate | |
| 13 | 03/26/97 | (H) | Enrolled Bill Signed | |
| 14 | 03/29/97 | (S) | Enrolled Bill Signed | |
| 15 | 03/31/97 | Due From Governor 04/05/97 | ||
| 16 | 04/04/97 | Approved by Governor |
| Effective date | Passage | |
| Disposition | Law | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes | |
| Chapter number | 506 |
House Committee:
Senate Committee:
Principal Author: Williams
Code Sections: A 021-0029-0027, A 021-0029-0117, A 021-0029-0219
Title: AN ACT TO AMEND SECTIONS 21-29-27, 21-29-117 AND 21-29-219, MISSISSIPPI CODE OF 1972, TO AUTHORIZE MUNICIPALITIES HAVING A GENERAL MUNICIPAL EMPLOYEES' RETIREMENT SYSTEM OR A DISABILITY AND RELIEF FUND FOR FIREMEN AND POLICEMEN TO INCREASE THE AD VALOREM TAX LEVY FOR THE SYSTEM OR FUND ABOVE THE MAXIMUM MILLAGE RATE OTHERWISE ALLOWED IN ANY YEAR IN WHICH THE MUNICIPALITY REDUCES THE AD VALOREM TAX LEVY TO PAY DEBT SERVICE ON BONDS ISSUED BY THE MISSISSIPPI DEVELOPMENT BANK FOR THE SYSTEM OR FUND; TO AUTHORIZE THE MUNICIPALITY AND THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM TO ENTER INTO CONTRACTS AND AGREEMENTS ADDRESSING THE USE, APPLICATION AND INVESTMENT OF PROCEEDS OF BONDS ISSUED BY THE MISSISSIPPI DEVELOPMENT BANK FOR THE SYSTEM OR FUND, AND THE RELATIVE RIGHTS AND OBLIGATIONS OF THE MUNICIPALITY AND THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM WHILE THE BONDS ARE OUTSTANDING AND THEREAFTER; AND FOR RELATED PURPOSES.
End Of Document
1997/History/HB\HB1753.htm