MS HB634 | 2013 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 5 2013 - 100% progression
Action: 2013-02-05 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

Summary

An Act To Amend Section 37-151-7, Mississippi Code Of 1972, To Reenact And Amend The Provision Of Law Authorizing School Districts To Issue State Aid Capital Improvement Bonds Secured By A Continuing Annual Pledge Of Any Maep Funds Available To The School District, Which Was Repealed By Operation Of Law On June 30, 1998; To Provide That The Bonds Issued In The Reenacted Provision Shall Not Exceed $195.00 Per Pupil Based On The Latest Completed Average Daily Attendance Count Certified By The State Department Of Education; To Prescribe The Purposes For Which The Bonds May Be Issued; To Prescribe The Conditions Under Which The State Board Of Education Shall Approve Any Capital Expenditure Plan For A Pledge Of Funds; To Authorize School Districts To Repay The Bonds Issued With Funds Received By The District From The State; To Authorize The School District To Irrevocably Pledge Certain Revenue As Security For Bonds Issued Under This Act; To Provide For The Repeal Of This Reenacted Provision On June 30, 2019; And For Related Purposes.

Tracking Information

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Title

MAEP; increase amount pledged for security for State Aid Capitol Improvement Bonds to $195.00 per pupil.

Sponsors


History

DateChamberAction
2013-02-05HouseDied In Committee
2013-01-21HouseReferred To Appropriations

Mississippi State Sources


Bill Comments

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