History of Actions | Background | Title |
Description: State depository and sale of bond selection; Treasurer and Bond Commission selects if conflict of interest.
1 | 01/19/98 | (S) | Referred To Business and Financial Institutions | |
2 | 02/03/98 | (S) | Died In Committee |
Effective date | July 1, 1998 | |
Disposition | Dead | |
Deadline | General Bill/Constitutional Amendment | |
Revenue | No | |
3/5ths vote required | No |
Senate Committee:
Principal Author: Posey
Code Sections: A 025-0004-0105, A 019-0009-0029, A 021-0033-0323, A 037-0059-0011
Title: AN ACT TO AMEND SECTIONS 25-4-105, 19-9-29, 21-33-323, 37-59-11, MISSISSIPPI CODE OF 1972, AND TO CREATE NEW CODE SECTIONS TO BE CODIFIED AS SECTIONS 27-105-373, 19-9-33, 21-33-331 AND 21-33-527, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IN THE EVENT ANY MEMBER OF A GOVERNING BODY OF ANY DISTRICT, COUNTY, CITY OR TOWN HAS A DIRECT OR INDIRECT CONFLICT OF INTEREST REGARDING A DECISION OF THAT BODY FOR THE SELECTION OF A DEPOSITORY, THE STATE TREASURER SHALL BE DESIGNATED TO MAKE ALL DECISIONS AND TAKE ANY ACTION WITHIN THE AUTHORITY OF THE GOVERNING BODY RELATED TO SUCH SELECTION; TO PROVIDE THAT IN THE EVENT ANY MEMBER OF A GOVERNING BODY OF ANY DISTRICT, COUNTY, CITY OR TOWN HAS A DIRECT OR INDIRECT CONFLICT OF INTEREST REGARDING A DECISION OF THAT BODY FOR THE SALE OF BONDS, THE STATE BOND COMMISSION SHALL BE DESIGNATED TO MAKE ALL DECISIONS AND TAKE ANY ACTION WITHIN THE AUTHORITY OF THE GOVERNING BODY RELATED TO SUCH SALE; AND FOR RELATED PURPOSES.
End Of Document
1998/History/SB\SB2885.htm