AN ACT TO ESTABLISH A CREDIT ENHANCEMENT PROGRAM FOR MISSISSIPPI SCHOOL DISTRICT BONDS TO LOWER BORROWING COSTS THROUGH STATE GUARANTEES; TO DEFINE THE ROLES AND RESPONSIBILITIES OF SCHOOL DISTRICTS, TAX COLLECTORS, PAYING AGENTS, AND THE STATE TREASURER IN ADMINISTERING THE PROGRAM; TO OUTLINE CONDITIONS FOR STATE PAYMENTS AND DISTRICT REIMBURSEMENTS, INCLUDING PENALTIES AND LEGAL REMEDIES; TO PROVIDE FOR THE APPROPRIATION OF FUNDS TO SUPPORT THE PROGRAM; TO AUTHORIZE THE STATE BOND COMMISSION TO ADOPT RULES FOR IMPLEMENTATION; TO BRING FORWARD SECTIONS 37-59-101, 37-59-103, 37-59-105, 37-59-107, 37-59-109, 37-59-111, 37-59-113 AND 37-59-115, MISSISSIPPI CODE OF 1972, FOR PURPOSES OF POSSIBLE AMENDMENTS; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 37-59-101, 37-59-103, 37-59-105, 37-59-107, 37-59-109, 37-59-111, 37-59-113, 37-59-115