Bill Text: MS HB439 | 2016 | Regular Session | Introduced
Bill Title: Bonds; mandate election on issue of county or municipal bonds.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2016-02-23 - Died In Committee [HB439 Detail]
Download: Mississippi-2016-HB439-Introduced.html
MISSISSIPPI LEGISLATURE
2016 Regular Session
To: Ways and Means
By: Representative Horne
House Bill 439
AN ACT TO AMEND SECTIONS 19-9-11, 19-9-13 AND 21-33-307, MISSISSIPPI CODE OF 1972, TO MANDATE THE HOLDING OF AN ELECTION ON THE QUESTION OF ISSUING COUNTY OR MUNICIPAL BONDS; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 19-9-11, Mississippi Code of 1972, is amended as follows:
19-9-11. Before issuing any
bonds for any of the purposes enumerated in Sections 19-9-1 * * * and 19-9-3, the board of supervisors
shall adopt a resolution declaring its intention so to do, stating the amount
of bonds proposed to be issued and the purpose for which the bonds are to be
issued, and the date upon which the board proposes to direct the issuance of
such bonds. Such resolution shall be published once a week for at least three
(3) consecutive weeks in at least one (1) newspaper published in such county. * * * If no newspaper be published in
such county, then such notice shall be given by publishing the resolution for
the required time in some newspaper having a general circulation in such county
and, in addition, by posting a copy of such resolution for at least twenty-one
(21) days * * * at three (3) public places in such
county. * * * An election on the
question of the issuance of such bonds shall be called and held as is provided
in Sections 19-9-13 * * *
and 19-9-15. * * *
SECTION 2. Section 19-9-13, Mississippi Code of 1972, is amended as follows:
19-9-13. * * *
Notice of the
election * * * provided for in Section 19-9-11 * * * shall be signed by
the clerk of the board of supervisors and shall be published once a week for at
least three (3) consecutive weeks, in at least one (1) newspaper published in
such county. The first publication of such notice shall be made not less than
twenty-one (21) days prior to the date fixed for such election, and the last
publication shall be made not more than seven (7) days prior to such date. If
no newspaper is published in such county, then such notice shall be given by
publishing the same for the required time in some newspaper having a general
circulation in such county and, in addition, by posting a copy of such notice
for at least twenty-one (21) days next preceding such election at three (3)
public places in such county.
SECTION 3. Section 21-33-307, Mississippi Code of 1972, is amended as follows:
21-33-307. Before issuing
any bonds for any of the purposes enumerated in Section 21-33-301, the
governing authority of the issuing municipality shall adopt a resolution
declaring its intention so to do, stating the amount of bonds proposed to be
issued and the purpose for which the bonds are to be issued, and the date upon
which the aforesaid authority proposes to direct the issuance of such bonds.
Such resolution shall be published once a week for at least three (3)
consecutive weeks in at least one (1) newspaper published in such municipality. * * *
If no
newspaper be published in such municipality, then such notice shall be given by
publishing the resolution for the required time in some newspaper having a
general circulation in such municipality and, in addition, by posting a copy of
such resolution for at least twenty-one (21) days * * *
at
three (3) public places in such municipality. The publication of the
resolution may be made as provided in Section 21-17-19. * * * An election on the question of
the bonds shall be called and held as is provided in Section 21-33-309. Notice
of such election shall be signed by the clerk of the municipality and shall be
published once a week for at least three (3) consecutive weeks in at least one
(1) newspaper published in such municipality. The first publication of such
notice shall be made not less than twenty-one (21) days prior to the date fixed
for such election, and the last publication shall be made not more than seven
(7) days prior to such date. If no newspaper is published in such
municipality, then such notice shall be given by publishing the same for the
required time in some newspaper having a general circulation in such
municipality and published in the same or an adjoining county and, in addition,
by posting a copy of such notice for at least twenty-one (21) days next
preceding such election at three (3) public places in such municipality. * * *
Under no circumstances shall any municipality exceed the bond limit as set by statute for municipalities.
SECTION 4. This act shall take effect and be in force from and after July 1, 2016.
