Bill Text: MS HB1745 | 2016 | Regular Session | Enrolled
Bill Title: Northeast Mississippi Gas District; increase amount of revenue bonds authorized to be issued by.
Sponsorship: Partisan Bill (Republican 1)
Status: (Passed) 2016-05-11 - Approved by Governor [HB1745 Detail]
Download: Mississippi-2016-HB1745-Enrolled.html
MISSISSIPPI LEGISLATURE
2016 Regular Session
To: Ways and Means
By: Representative Boyd
House Bill 1745
(As Sent to Governor)
AN ACT TO AMEND SECTION 5 OF CHAPTER 309, LAWS OF 1966, AS AMENDED BY CHAPTER 496, LAWS OF 1982, AS AMENDED BY CHAPTER 576, LAWS OF 2000, TO INCREASE THE AMOUNT OF REVENUE BONDS AUTHORIZED TO BE ISSUED BY THE NORTHEAST MISSISSIPPI GAS DISTRICT; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 5, Chapter 309, Laws of 1966, as amended by Chapter 496, Laws of 1982, as amended by Chapter 576, Laws of 2000, is amended as follows:
Section 5. The board shall
have the power to make such rules and regulations as it deems necessary to the
operation of the district and the subsequent election of commissioners and
shall possess, and is hereby granted all necessary power and authority to
construct, acquire, improve, repair and extend a natural gas transmission and
distribution system and to issue revenue bonds for such purposes. The amount
of revenue bonds authorized to be issued shall not exceed an aggregate of * * * Ten Million
Dollars ($10,000,000.00). Except as herein provided, all powers with
respect to natural gas transmission and distribution systems granted to
municipalities of this state by Sections 21-27-11 through 21-27-69, Mississippi
Code of 1972, are hereby conferred upon and may be exercised within the
district by the board as if the system and financing thereof as provided herein
were pursuant to said sections.
SECTION 2. This act shall take effect and be in force from and after its passage.
