Mississippi Senate Bill 2621 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on March 16 2016 - 100% progression
Action: 2016-03-16 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Authorize Municipalities 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 A Municipality That Has Created A Special Local Improvement Assessment District Under This Act; To Provide That Bonds Issued By A 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 A Municipality Under This Act Shall Be Excluded From The Municipality's Debt Limitation; To Amend Section 21-33-303, Mississippi Code Of 1972, To Conform To The Provisions Of This Act; And For Related Purposes.

Special local improvement assessments district; authorize municipalities to create.

Sen. John Horhn [D]

Date	Chamber	Action
2016-03-16	Senate	Died In Committee
2016-02-08	Senate	Referred To Finance

Type	Source
Summary	https://billstatus.ls.state.ms.us/2016/pdf/history/SB/SB2621.xml
Text	https://billstatus.ls.state.ms.us/documents/2016/html/SB/2600-2699/SB2621IN.htm