History of Actions | Background | Title |
Description: Bonds; issue federal grant anticipation notes or bonds for the High Rise Bridge at Pascagoula.
| 1 | 02/17/99 | (S) | Referred To Finance | |
| 2 | 02/24/99 | (S) | Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
Senate Committee:
Principal Author: Moffatt
Additional Authors: Robertson, Dickerson, Lee, Hewes, Gollott
Code Section: A 027-0104-0027
Title: AN ACT TO AUTHORIZE THE ISSUANCE OF GRANT ANTICIPATION NOTES OR BONDS TO DEFRAY THE COST OF CONSTRUCTING THE HIGH RISE BRIDGE ON U.S. HIGHWAY 90 OVER THE PASCAGOULA RIVER WITHIN THE CITY LIMITS OF PASCAGOULA IN THE AMOUNT OF $30,000,000.00; TO GRANT THE STATE BOND COMMISSION CERTAIN ADDITIONAL POWERS WITH REGARD TO SUCH NOTES OR BONDS; TO PROVIDE THAT THE DEBT SERVICE FOR SUCH NOTES OR BONDS SHALL BE PAID FROM ANY LEGALLY AVAILABLE FUNDS, INCLUDING FEDERAL AID GRANT REIMBURSEMENTS DESIGNATED FOR SUCH PROJECT; TO CREATE THE "HIGH RISE BRIDGE AT PASCAGOULA TRUST FUND" INTO WHICH SHALL BE DEPOSITED ALL FEDERAL AID GRANT REIMBURSEMENTS SPECIFICALLY DESIGNATED FOR SUCH PROJECT; TO PROVIDE THAT MONEY IN SUCH FUND SHALL BE UTILIZED TO PAY THE DEBT SERVICE ON SUCH NOTES OR BONDS; TO PROVIDE THAT AMOUNTS NOT NEEDED TO DEFRAY THE DEBT SERVICE ON SUCH NOTES OR BONDS SHALL BE TRANSFERRED TO THE STATE HIGHWAY FUND; TO AMEND SECTION 27-104-27, MISSISSIPPI CODE OF 1972, TO EXEMPT THE HIGH RISE BRIDGE AT PASCAGOULA TRUST FUND FROM THE REQUIREMENT OF AN APPROPRIATION; AND FOR RELATED PURPOSES.
End Of Document
1999\html\History/SB\SB3192.htm