Bill Text | History of Actions | Amendments | Background | Title |
Description: Bonds; issue general obligation and revenue bonds for acquisition and upgrade of rail line between State Port at Gulfport and Hattiesburg.
Bill Text: [Introduced] [Committee Substitute] [Passed House] [Sent to Governor]
| 1 | 02/12 (H) Referred To Ways and Means | |
| 2 | 02/14 (H) Title Suff Do Pass Comm Sub | |
| 3 | 02/19 (H) Committee Substitute Adopted | |
| 4 | 02/19 (H) Passed | |
| 5 | 02/21 (H) Transmitted To Senate | |
| 6 | 02/21 (S) Referred To Finance | |
| 7 | 03/08 (S) Title Suff Do Pass As Amended | |
| 8 | 03/09 (S) Amended | |
| 9 | 03/09 (S) Passed As Amended | |
| 10 | 03/09 (S) Motion to Reconsider Entered | |
| 11 | 03/14 (S) Reconsidered | |
| 12 | 03/14 (S) Amended | |
| 13 | 03/14 (S) Passed As Amended | |
| 14 | 03/15 (S) Returned For Concurrence | |
| 15 | 03/16 (H) Decline to Concur/Invite Conf | |
| 16 | 03/20 (H) Conferees Named Morris,Simpson,Smith (39th) | |
| 17 | 03/21 (S) Conferees Named Minor,Hewes,King | |
| 18 | 03/24 (S) Conference Report Filed | |
| 19 | 03/24 (H) Conference Report Filed | |
| 20 | 03/25 (H) Conference Report Adopted | |
| 21 | 03/26 (S) Conference Report Adopted | |
| 22 | 03/27 (H) Enrolled Bill Signed | |
| 23 | 03/28 (S) Enrolled Bill Signed | |
| 24 | 04/09 Approved by Governor |
| Adopted | [S] | Amendment No 1 |
| Adopted | [S] | Substitute No 1 to Amendment No 1 |
| Effective date | Passage | |
| Disposition | Law | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths | |
| Chapter number | 585 |
House Committee:
Senate Committee:
Principal Author: Simpson
Additional Authors: Barnett (116th), Broomfield, Creel, Davis, Dedeaux, Fillingane, Formby, Fredericks, Frierson, Guice, Hamilton, Ishee, Janus, Lott, Maples, Morris, Peranich, Pierce, Read, Rushing, Smith (39th), Taylor, Warren, Watson, Wells-Smith, Zuber
Title: AN ACT TO AUTHORIZE THE ISSUANCE OF $20,000,000.00 IN STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS NECESSARY FOR THE MISSISSIPPI STATE PORT AUTHORITY AT GULFPORT TO ACQUIRE THE RAIL LINE EXTENDING FROM THE STATE PORT AT GULFPORT, MISSISSIPPI, TO THE CITY OF HATTIESBURG, MISSISSIPPI; TO PROVIDE THAT ACTIONS TAKEN BY THE MISSISSIPPI STATE PORT AUTHORITY AT GULFPORT UNDER THIS ACT SHALL BE SUBJECT TO APPROVAL BY THE MISSISSIPPI DEVELOPMENT AUTHORITY; TO PROVIDE THAT IF THE MISSISSIPPI STATE PORT AUTHORITY AT GULFPORT ACQUIRES THE RAIL LINE, IT MAY ENTER INTO ANY AGREEMENT WITH A RAILROAD OR OTHER ENTITY PROVIDING THAT THE RAILROAD OR OTHER ENTITY WILL LEASE THE RAIL LINE FROM THE STATE FOR COMMERCIAL PURPOSES; TO AUTHORIZE THE MISSISSIPPI STATE PORT AUTHORITY AT GULFPORT TO ENTER INTO CONTRACTS OR OTHER AGREEMENTS WITH ANY PERSON, CORPORATION, ASSOCIATION, PARTNERSHIP, GOVERNMENTAL UNIT OR OTHER ENTITY NECESSARY TO PERFORM REPAIRS AND UPGRADES TO THE RAIL LINE; TO AUTHORIZE THE ISSUANCE OF $20,000,000.00 IN STATE REVENUE BONDS TO PROVIDE FUNDS FOR REPAIRS AND UPGRADES TO SUCH RAIL LINE NECESSARY TO PROVIDE INTERMODAL ACCESS TO AND FROM THE STATE PORT AT GULFPORT, MISSISSIPPI; TO PROVIDE THAT THE REVENUE BONDS MAY NOT BE ISSUED UNLESS THE MISSISSIPPI STATE PORT AUTHORITY AT GULFPORT HAS ENTERED INTO AN AGREEMENT WITH A RAILROAD OR OTHER ENTITY PROVIDING THAT THE RAILROAD OR OTHER ENTITY WILL LEASE THE RAIL LINE FROM THE MISSISSIPPI STATE PORT AUTHORITY AT GULFPORT FOR COMMERCIAL PURPOSES; TO PROVIDE THAT THE PAYMENTS RECEIVED FROM ANY SUCH LEASE SHALL BE DEPOSITED INTO A SPECIAL BOND SINKING FUND CREATED FOR THE PURPOSE OF RETIRING BONDS ISSUED UNDER THIS ACT OR OTHER INDEBTEDNESS INCURRED UNDER THIS ACT, OR BOTH; TO PROVIDE THAT MONIES IN SUCH SINKING FUND SHALL BE USED FIRST TO RETIRE REVENUE BONDS ISSUED UNDER THIS ACT OR OTHER INDEBTEDNESS INCURRED UNDER THIS ACT, OR BOTH; TO PROVIDE THAT WHEN THE BALANCE IN THE SPECIAL BOND SINKING FUND IS EQUAL TO THE NEXT TWO DEBT SERVICE REQUIREMENTS OF THE REVENUE BONDS ISSUED UNDER THIS ACT OR OTHER INDEBTEDNESS INCURRED UNDER THIS ACT, OR BOTH, THE EXCESS MONIES IN THE FUND SHALL BE USED TO PAY THE DEBT SERVICE REQUIREMENTS OF GENERAL OBLIGATION BONDS ISSUED UNDER THIS ACT PROVIDED THAT THE BALANCE IN THE SPECIAL BOND SINKING FUND SHALL NOT FALL BELOW THE AMOUNT EQUAL TO THE NEXT TWO DEBT SERVICE REQUIREMENTS OF THE REVENUE BONDS OR OTHER INDEBTEDNESS; TO AUTHORIZE THE MISSISSIPPI STATE PORT AUTHORITY AT GULFPORT TO BORROW FUNDS FROM THE MISSISSIPPI DEVELOPMENT BANK FOR THE PURPOSE OF ACQUIRING, REPAIRING AND UPGRADING THE RAIL LINE; TO PROVIDE THAT THE MISSISSIPPI STATE PORT AUTHORITY AT GULFPORT MUST SATISFY CERTAIN CONDITIONS BEFORE TAKING ANY ACTIONS TO ACQUIRE, REPAIR OR UPGRADE THE RAIL LINE AND BEFORE ANY BONDS MAY BE ISSUED OR OTHER DEBT MAY BE INCURRED UNDER THIS ACT; AND FOR RELATED PURPOSES.
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2001/pdf/History/HB/HB1630.htm