l9n/ Mississippi

2015 Regular Session

House Bill 217

Sixteenth section land funds; revise manner by which funds received from the sale of nonrenewable resources are invested.

Did not become law. It stopped in the House of Representatives's Education Committee on February 3, 2015. The 2015 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 29-3-113, MISSISSIPPI CODE OF 1972, TO REVISE THE MANNER BY WHICH THE STATE TREASURER IS REQUIRED TO INVEST FUNDS RECEIVED FROM NONRENEWABLE RESOURCES EXTRACTED OR HARVESTED FROM SIXTEENTH SECTION LANDS IN ORDER TO BETTER BENEFIT THE SCHOOL DISTRICT OF POSSESSION; TO REQUIRE THE STATE BOARD OF EDUCATION TO KEEP THE PRINCIPAL FUND INVESTED IN DIRECT OBLIGATION OR CERTIFICATES OF DEPOSITS ISSUED BY A QUALIFIED DEPOSITORY OF THE UNITED SATES AS APPROVED BY THE UNITED STATES SECRETARY OF THE TREASURY AND INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC); TO REVISE THE PERIOD OF TIME FOR WHICH SUCH INVESTMENTS MAY BE ALLOWED TO MATURE PROVIDED THAT SUCH MATURITY PERIOD SHALL NOT EXCEED TEN YEARS FROM THE DATE OF PURCHASE; TO AMEND SECTION 27-105-33, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO; AND FOR RELATED PURPOSES.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

1 co-sponsor

Pat Nelson

Its course

January 12 to February 3, 2015, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action2 actions on 2 days

In the House of RepresentativesJan 12 to Feb 3 · stopped22 days

EducationJan 12 to Feb 3 · stopped22 days

Text

Each version as the Legislature printed it.

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

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the House of Representatives Jan 12 – Feb 3

  1. Jan 12Referred to the House committees on Education and on Appropriations
  2. Feb 3Died in committee in the House
All 2 actions, as published
  1. Jan 12Referred To Education;AppropriationsHouse of Representatives
  2. Feb 3Died In CommitteeHouse of Representatives