Bill Text: MS HB1743 | 2010 | Regular Session | Introduced
Bill Title: Lauderdale County; authorize board of supervisors to negotiate apportionment of certain fee in lieu of tax revenues.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Failed) 2010-04-28 - Died In Committee [HB1743 Detail]
Download: Mississippi-2010-HB1743-Introduced.html
MISSISSIPPI LEGISLATURE
2010 Regular Session
To: Local and Private Legislation; Ways and Means
By: Representatives Jones (82nd), Snowden, Campbell
House Bill 1743
AN ACT TO PROVIDE THAT THE LAUDERDALE COUNTY BOARD OF SUPERVISORS MAY, WITH RESPECT TO ANY COMPANY CONSTRUCTING AND LOCATING A MAJOR CAPITAL PROJECT, AS DEFINED BY THE MISSISSIPPI MAJOR ECONOMIC IMPACT ACT, APPORTION, DIVIDE AND ALLOCATE THE SUM ALLOWED BY LAW AS A FEE-IN-LIEU IN A PROPORTION TO THE SCHOOL DISTRICT THAT IS AGREED UPON IN NEGOTIATIONS; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. With respect to any fee-in-lieu agreement the Board of Supervisors of Lauderdale County, Mississippi, enters pursuant to Section 27-31-104, Mississippi Code of 1972, pertaining to a company locating in the county that qualifies as a major economic impact project pursuant to Section 57-75-5, Mississippi Code of 1972, the board of supervisors may negotiate with the school district in which the project is located and apportion to the school district an amount of the fee-in-lieu that is agreed upon in negotiation different from the amount provided for in Section 27-31-104, Mississippi Code of 1972.
SECTION 2. The authority to provide for the allocation and apportionment of fee-in-lieu revenues, as authorized under this act, shall be an alternative to the allocation method provided in Section 27-31-104, Mississippi Code of 1972.
SECTION 3. This act shall take effect and be in force from and after its passage.
