Mississippi Senate Bill 2965 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 4-0)
Status: Failed on April 20 2016 - 100% progression
Action: 2016-04-20 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Authorize The Governing Authorities Of The City Of Jackson, Mississippi, 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 The Municipality That Has Created A Special Local Improvement Assessment District Under This Act; To Provide That Bonds Issued By The 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 The Municipality Under This Act Shall Be Excluded From The Municipality's Debt Limitation; And For Related Purposes.

City of Jackson; authorize to create special local improvement taxing districts.

Sen. John Horhn [D]

Sen. David Blount [D]

Sen. Sollie Norwood [D]

Sen. Hillman Frazier [D]

Date	Chamber	Action
2016-04-20	Senate	Died In Committee
2016-04-01	Senate	Referred To Local and Private;Finance

Type	Source
Summary	https://billstatus.ls.state.ms.us/2016/pdf/history/SB/SB2965.xml
Text	https://billstatus.ls.state.ms.us/documents/2016/html/SB/2900-2999/SB2965IN.htm