House Bill 1776

AN ACT TO AUTHORIZE THE GOVERNING AUTHORITIES OF THE CITY OF JACKSON, MISSISSIPPI, TO CREATE SPECIAL LOCAL IMPROVEMENT ASSESSMENT DISTRICTS; TO AUTHORIZE THE LEVY OF AN ASSESSMENT OF UP TO SIX MILLS ON TAXABLE REAL PROPERTY LOCATED WITHIN SUCH ASSESSMENT DISTRICTS; TO PROVIDE FOR THE DUTIES AND POWERS OF SUCH ASSESSMENT DISTRICTS; TO REQUIRE THE DISSOLUTION OF SUCH ASSESSMENT DISTRICTS UNDER CERTAIN CIRCUMSTANCES; TO SPECIFY THE USE FOR THE PROCEEDS OF THE SPECIAL ASSESSMENT; TO ALLOW SUCH DISTRICTS TO LEVY LESS THAN THE MAXIMUM ALLOWABLE ASSESSMENT LEVY; TO AUTHORIZE THE ISSUANCE OF BONDS BY THE MUNICIPALITY THAT HAS CREATED A SPECIAL LOCAL IMPROVEMENT ASSESSMENT DISTRICT UNDER THIS ACT; TO PROVIDE THAT BONDS ISSUED BY THE MUNICIPALITY UNDER THIS ACT SHALL BE PAYABLE OUT OF THE PROCEEDS OF THE SPECIAL ASSESSMENT AUTHORIZED UNDER THIS ACT; TO AUTHORIZE THE DELEGATION OF CERTAIN AUTHORITY UNDER THIS ACT; TO PROVIDE THAT BONDS ISSUED UNDER THIS ACT SHALL BE LEGAL INVESTMENTS; TO PROVIDE THAT BONDS ISSUED BY THE MUNICIPALITY UNDER THIS ACT SHALL BE EXCLUDED FROM THE MUNICIPALITY'S DEBT LIMITATION; AND FOR RELATED PURPOSES.

In the House of Representatives

• Credell Calhoun

  Sponsor

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

In the House of Representatives Mar 13 – Mar 29

1. Mar 13Referred to the House committee on Local and Private Legislation
2. Mar 29Died in committee in the House