MS HB217 | 2015 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 2)
Status: Failed on February 3 2015 - 100% progression
Action: 2015-02-03 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Sponsorship: Partisan Bill (Republican 2)
Status: Failed on February 3 2015 - 100% progression
Action: 2015-02-03 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
Sixteenth section land funds; revise manner by which funds received from the sale of nonrenewable resources are invested.
Sponsors
| Rep. Sam Mims [R] | Rep. Pat Nelson [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-02-03 | House | Died In Committee |
| 2015-01-12 | House | Referred To Education;Appropriations |
Mississippi State Sources
| Type | Source |
|---|---|
| Summary | https://billstatus.ls.state.ms.us/2015/pdf/history/HB/HB0217.xml |
| Text | https://billstatus.ls.state.ms.us/documents/2015/html/HB/0200-0299/HB0217IN.htm |
