l9n/ Mississippi

2019 Regular Session

House Bill 963

Bonds; revise certain provisions regarding sale by political subdivisions and other instrumentalities.

Did not become law. It stopped in the Senate's Finance Committee on March 5, 2019. The 2019 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 31-19-25, MISSISSIPPI CODE OF 1972, WHICH PROVIDES FOR THE ADVERTISEMENT OF THE SALE AND RECEIPT OF BIDS FOR THE SALE OF BONDS BY THE GOVERNING AUTHORITY OF ANY COUNTY, ROAD DISTRICT, SCHOOL DISTRICT, DRAINAGE DISTRICT OR OTHER POLITICAL SUBDIVISION OR INSTRUMENTALITY OF THIS STATE, TO PROVIDE THAT SEALED BIDS MAY BE SUBMITTED IN ELECTRONIC FORM; TO REQUIRE THAT A SUCCESSFUL BIDDER AT SUCH A SALE MUST, NO LATER THAN NOON ON THE NEXT BUSINESS DAY FOLLOWING THE SALE OF THE BONDS, SUBMIT A GOOD FAITH DEPOSIT TO THE PROPER GOVERNING AUTHORITY AS A GUARANTY THAT THE BIDDER WILL CARRY OUT HIS CONTRACT TO PURCHASE THE BONDS; TO PROVIDE THAT A GOOD FAITH DEPOSIT MAY BE SUBMITTED BY WIRE TRANSFER; TO PROVIDE THAT IF A SUCCESSFUL BIDDER FAILS TO TIMELY SUBMIT A GOOD FAITH DEPOSIT, THE GOVERNING AUTHORITY MAY SELL THE BONDS BY PRIVATE SALE AT ANY TIME WITHIN SIXTY DAYS AFTER THE DATE ADVERTISED FOR THE RECEPTION OF BIDS, BUT THAT NO SUCH PRIVATE SALE MAY BE MADE AT A PRICE LESS THAN THE NEXT HIGHEST BID THAT WAS RECEIVED PURSUANT TO SUCH ADVERTISEMENT; 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

Deborah Butler Dixon

Its course

January 21 to March 5, 2019, 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 action6 actions on 6 days

In the House of RepresentativesJan 21 to Feb 616 days

Ways and MeansJan 21 to Feb 515 days

In the SenateFeb 6 to Mar 5 · stopped27 days

FinanceFeb 20 to Mar 5 · stopped13 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 21 – Feb 6

  1. Jan 21Referred to the House committee on Ways and Means
  2. Feb 5Reported from committee in the House: title sufficient, do pass
  3. Feb 6Passed the House

In the Senate Feb 7 – Mar 5

  1. Feb 7Sent to the Senate
  2. Feb 20Referred to the Senate committee on Finance
  3. Mar 5Died in committee in the Senate
All 6 actions, as published
  1. Jan 21Referred To Ways and MeansHouse of Representatives
  2. Feb 5Title Suff Do PassHouse of Representatives
  3. Feb 6PassedHouse of Representatives
  4. Feb 7Transmitted To SenateHouse of Representatives
  5. Feb 20Referred To FinanceSenate
  6. Mar 5Died In CommitteeSenate