Bill Text | History of Actions | Background | Title |
Description: Bonds; authorize counties to issue bonds to fund construction of state aid roads.
Bill Text: [Introduced]
| 1 | 01/14 (S) Referred To County Affairs;Finance | |
| 2 | 02/23 (S) Died In Committee |
| Effective date | July 1, 2005 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
Senate Committees:
Principal Author: Dawkins
Additional Author: Williamson
Code Section: A 027-0065-0075
Title: AN ACT TO AUTHORIZE COUNTIES TO ISSUE BONDS FOR THE PURPOSE OF CONSTRUCTING STATE AID ROADS; TO PROVIDE THAT COUNTIES SHALL NOT ISSUE BONDS UNDER THE PROVISIONS OF THIS ACT IN AN AMOUNT WHICH CANNOT BE RETIRED IN 20 YEARS FROM THE DATE OF ISSUE OUT OF 25% OF THE STATE AID ROAD FUNDS ALLOCATED TO THE COUNTY FOR THE PRECEDING FISCAL YEAR; TO PROVIDE THAT THE BONDS ISSUED UNDER THIS ACT SHALL BE PAYABLE FROM STATE AID ROAD FUNDS ALLOCATED TO THE COUNTY; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.
End Of Document
2005/html/History/SB/SB2433.htm