House Bill 1166

AN ACT TO AMEND SECTION 31-17-3, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE POWERS OF THE STATE BOND COMMISSION IN CONNECTION WITH ANY STATE BONDS AUTHORIZED TO BE ISSUED BY AN ACT OF THE LEGISLATURE ARE LIMITED TO PERFORMING CERTAIN ADMINISTRATIVE AND PROCEDURAL FUNCTIONS RELATING TO THE ISSUANCE OF THE BONDS; TO AUTHORIZE THE COMMISSION TO PERFORM ANY OTHER POWERS AND DUTIES IN CONNECTION WITH ANY STATE BONDS AUTHORIZED TO BE ISSUED BY AN ACT OF THE LEGISLATURE THAT ARE SPECIFICALLY GRANTED TO THE COMMISSION IN THAT ACT OF THE LEGISLATURE; TO PROVIDE THAT THE COMMISSION IS NOT AUTHORIZED TO MAKE A DETERMINATION THAT ANY STATE BONDS SHOULD NOT BE ISSUED BASED ON THE COMMISSION'S EVALUATION OF THE RELATIVE MERITS OF THE PROJECTS BEING FUNDED BY THE BONDS OR THE APPROPRIATENESS OF THE POLICY OF ISSUING THE BONDS; TO PROVIDE THAT IF ALL OF THE CONDITIONS THAT ARE PRESCRIBED FOR THE ISSUANCE OF THE BONDS IN THE ACT OF THE LEGISLATURE AUTHORIZING THE ISSUANCE OF THE BONDS HAVE BEEN MET AS REQUIRED IN THAT ACT, THEN THE COMMISSION SHALL ISSUE THE BONDS AS PROVIDED IN THAT ACT; TO AMEND SECTIONS 31-17-1 AND 31-17-101, MISSISSIPPI CODE OF 1972, TO COMBINE THE SEPARATE PROVISIONS THAT CREATE THE STATE BOND COMMISSION INTO ONE SECTION; TO PROVIDE THAT THE PROVISIONS OF THIS ACT SHALL APPLY ONLY TO STATE BONDS AUTHORIZED TO BE ISSUED BY ACTS OF THE LEGISLATURE THAT ARE ENACTED ON OR AFTER THE EFFECTIVE DATE OF THIS ACT; AND FOR RELATED PURPOSES.

In the House of Representatives

• Cecil Brown

  Sponsor

l9n doesn't hold this bill's text yet.

In the House of Representatives Jan 17 – Feb 1

1. Jan 17Referred to the House committee on Ways and Means
2. Feb 1Died in committee in the House