l9n/ Mississippi

2015 Regular Session

Senate Bill 2550

Tax increment financing bonds; authorize counties and municipalities to pay a portion of the debt service from their general fund under certain circumstances.

Did not become law. It stopped in the Senate on February 12, 2015. The 2015 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 21-45-13, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IF THE ASSESSED VALUE OF PROPERTY INCLUDED IN A TAX INCREMENT FINANCING PLAN IS REDUCED AND THE DEBT SERVICE ON THE TAX INCREMENT BONDS ISSUED PURSUANT TO THE PLAN CANNOT BE SATISFIED WHEN DUE BY THE REVENUES PAYABLE COUNTY OR MUNICIPALITY UNDER THE PLAN, THE GOVERNING BODY MAY ELECT TO PAY FROM THE GENERAL FUND OF THE MUNICIPALITY THE DIFFERENCE BETWEEN THE AMOUNT OF THE REVENUE PAYABLE TO THE MUNICIPALITY PURSUANT TO THE TAX INCREMENT FINANCING PLAN AND THE DEBT SERVICE PAYMENT THAT IS DUE; TO AMEND SECTION 27-35-81, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IF THE ASSESSED VALUE OF PROPERTY INCLUDED IN A TAX INCREMENT FINANCING PLAN IS REDUCED AND TAX INCREMENT BONDS HAVE BEEN ISSUED FOR THE REDEVELOPMENT PROJECT IN THE PLAN, THE ASSESSOR SHALL FILE ALONG WITH THE ROLL OR ROLLS REQUIRED TO BE FILED WITH THE CLERK OF THE BOARD OF SUPERVISORS, A LIST OF SUCH PROPERTY THAT CONTAINS THE AMOUNT THE ASSESSED VALUE WAS REDUCED; 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 Senate

Its course

January 19 to February 12, 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 action3 actions on 3 days

In the SenateJan 19 to Feb 12 · stopped24 days

FinanceJan 19 to Feb 315 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 Senate Jan 19 – Feb 12

  1. Jan 19Referred to the Senate committee on Finance
  2. Feb 3Reported from committee in the Senate: title sufficient, do pass as a committee substitute
  3. Feb 12Died on the calendar in the Senate
All 3 actions, as published
  1. Jan 19Referred To FinanceSenate
  2. Feb 3Title Suff Do Pass Comm SubSenate
  3. Feb 12Died On CalendarSenate