House Bill 1651

AN ACT TO AMEND SECTION 45, CHAPTER 480, LAWS OF 2011, AS AMENDED BY SECTION 9, CHAPTER 569, LAWS OF 2013, AS AMENDED BY SECTION 16, CHAPTER 530, LAWS OF 2014, TO INCREASE THE AMOUNT OF STATE GENERAL OBLIGATION BONDS THAT MAY BE ISSUED TO PROVIDE FUNDS FOR THE MISSISSIPPI RAILROAD IMPROVEMENTS FUND AND TO EXTEND THE TIME WITHIN WHICH SUCH BONDS MAY BE ISSUED; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR THE MISSISSIPPI HIGHWAY-RAILROAD GRADE CROSSING SAFETY ACCOUNT WITHIN THE RAILROAD REVITALIZATION FUND; TO AUTHORIZE THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS TO ASSIST IN PAYING A PORTION OF THE COSTS ASSOCIATED WITH THE REPAIR, REHABILITATION, CONSTRUCTION, RECONSTRUCTION, UPGRADING AND IMPROVEMENT OF THE EXISTING RAILROAD LINE AND RELATED FACILITIES RUNNING FROM THE CITY OF AMORY, MISSISSIPPI, TO THE CITY OF FULTON, MISSISSIPPI; TO REPEAL SECTION 7, CHAPTER 520, LAWS OF 2010, WHICH AUTHORIZES THE ISSUANCE OF STATE GENERAL OBLIGATION BONDS TO PROVIDE FUNDS FOR A GRANT TO THE NORTH CENTRAL MISSISSIPPI REGIONAL RAILROAD AUTHORITY TO PAY A PORTION OF THE COSTS INCURRED BY THE MISSISSIPPI REGIONAL RAILROAD AUTHORITY FOR THE REPAIR, RECONSTRUCTION AND IMPROVEMENT OF THE EXISTING RAILROAD LINE FROM THE CITY OF WEST POINT, MISSISSIPPI, TO GREENWOOD, MISSISSIPPI; TO AMEND SECTIONS 19-29-39 AND 27-31-36, MISSISSIPPI CODE OF 1972, TO EXEMPT FROM AD VALOREM TAXATION ANY LEASE OR OTHER CONTRACT ENTERED INTO BY A RAILROAD AUTHORITY PROVIDING A LEASEHOLD OR OTHER INTEREST TO A PERSON IN RAILROAD PROPERTIES AND FACILITIES OWNED OR CONTROLLED BY THE RAILROAD UPON A FINDING MADE BY THE RAILROAD AUTHORITY THAT THE EXEMPTION OF SUCH INTEREST IS NECESSARY TO ASSIST WITH OR MAKE POSSIBLE THE REPAIR, REHABILITATION OR RECONSTRUCTION OF THE RAILROAD PROPERTIES AND FACILITIES; TO PROVIDE THAT THE EXEMPTION MAY BE FOR A PERIOD NOT TO EXCEED A TOTAL OF TEN YEARS; AND FOR RELATED PURPOSES.

In the House of Representatives

• Jeffrey C. Smith

  Sponsor

• House of Representatives floor amendmentPending

• House of Representatives floor amendmentPending

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

In the House of Representatives Feb 19 – Feb 20

1. Feb 19Referred to the House committee on Ways and Means
2. Feb 20Reported from committee in the House: title sufficient, do pass
3. Amended in the House
4. Passed the House as amended

In the Senate Feb 20 – Mar 13

1. Feb 20Motion in the House to reconsider entered (Steverson, Smith and Lamar)
2. Feb 21Motion in the House to reconsider withdrawn
3. Feb 22Sent to the Senate
4. Referred to the Senate committee on Finance
5. Mar 13Died in committee in the Senate