Bill Text | History of Actions | Amendments | Background | Title |
Description: MS Develop. Bank Act; revise def of term "local governmental unit" & provide that units may assume obligations subj to act's limitations.
Bill Text: [Introduced] [Passed Senate] [Sent to Governor]
| 1 | 02/18/00 | (S) | Referred To Finance | |
| 2 | 02/29/00 | (S) | Title Suff Do Pass | |
| 3 | 03/13/00 | (S) | Passed | |
| 4 | 03/14/00 | (S) | Transmitted To House | |
| 5 | 03/16/00 | (H) | Referred To Ways and Means | |
| 6 | 04/04/00 | (H) | Title Suff Do Pass As Amended | |
| 7 | 04/05/00 | (H) | Amended | |
| 8 | 04/05/00 | (H) | Passed As Amended | |
| 9 | 04/06/00 | (H) | Returned For Concurrence | |
| 10 | 04/17/00 | (S) | Decline to Concur/Invite Conf | |
| 11 | 04/20/00 | (S) | Conferees Named Minor,Ross,White (29th) | |
| 12 | 04/21/00 | (H) | Conferees Named Morris,Smith (39th),Howell | |
| 13 | 04/27/00 | (H) | Conference Report Filed | |
| 14 | 04/27/00 | (S) | Conference Report Filed | |
| 15 | 04/28/00 | (S) | Conference Report Adopted | |
| 16 | 05/01/00 | (H) | Conference Report Adopted | |
| 17 | 05/01/00 | (S) | Enrolled Bill Signed | |
| 18 | 05/01/00 | (H) | Enrolled Bill Signed | |
| 19 | 05/05/00 | Approved by Governor |
| Adopted | [H] | Amendment No 1 |
| Effective date | Passage | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | Yes | |
| Chapter number | 537 |
Senate Committee:
House Committee:
Principal Author: Minor
Additional Author: Little
Code Sections: A 031-0025-0005, A 031-0025-0027, A 031-0025-0031
Title: AN ACT TO AMEND SECTION 31-25-5, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "LOCAL GOVERNMENTAL UNIT" UNDER THE MISSISSIPPI DEVELOPMENT BANK ACT TO INCLUDE THE STATE OR ANY AGENCY THEREOF, INSTITUTIONS OF HIGHER LEARNING AND EDUCATION BUILDING CORPORATIONS ESTABLISHED FOR INSTITUTIONS OF HIGHER LEARNING; TO AMEND SECTION 31-25-27, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT SECURITIES ISSUED FOR LOCAL GOVERNMENTAL UNITS UNDER THE PROVISIONS OF THE MISSISSIPPI DEVELOPMENT BANK ACT SHALL INCLUDE TERMS AND CONDITIONS WHICH MEET THE PROVISION OF THE STATE LAW AUTHORIZING THE ISSUANCE OF SUCH SECURITIES AND/OR SUCH TERMS AND CONDITIONS CONSISTENT WITH THE REQUIREMENTS FOR ISSUANCE OF MISSISSIPPI DEVELOPMENT BANK BONDS; TO REQUIRE CERTAIN LOCAL GOVERNMENTAL UNITS TO MAKE CERTAIN CERTIFICATIONS TO THE MISSISSIPPI DEVELOPMENT BANK PRIOR TO THE ISSUANCE OF BONDS; TO AMEND SECTION 31-25-31, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT LOCAL GOVERNMENTAL UNITS SHALL NOT BE PROHIBITED FROM ASSUMING OBLIGATIONS IN ACCORDANCE WITH AND SUBJECT TO THE LIMITATIONS OF THE MISSISSIPPI DEVELOPMENT BANK ACT, OR FROM ISSUING AND SELLING ANY SECURITY TO THE MISSISSIPPI DEVELOPMENT BANK IN ACCORDANCE WITH SUCH ACT; AND FOR RELATED PURPOSES.
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