AN ACT TO AMEND SECTION 79-11-394, MISSISSIPPI CODE OF 1972, TO STIPULATE THAT ANY NONPROFIT, NONSHARE CORPORATION THAT FAILS TO TIMELY FILE THE REPORT REQUIRED UNDER THIS SECTION MAY BE SUBJECT TO THE PENALTIES OF DISSOLUTION OR DISALLOWANCE OF NONPROFIT STATUS, OR BOTH, AT THE DISCRETION OF THE STATE AUDITOR; TO AMEND SECTION 77-3-21, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE PUBLIC SERVICE COMMISSION TO CANCEL A RURAL WATER COMPANY'S CERTIFICATE TO PROVIDE SERVICE UPON A FINDING THAT THE COMPANY DID NOT PROVIDE REASONABLY ADEQUATE SERVICE; TO AMEND SECTION 77-3-22, MISSISSIPPI CODE OF 1972, TO INCLUDE RURAL WATER COMPANIES; TO BRING FORWARD SECTIONS 77-3-11 AND 77-3-47, MISSISSIPPI CODE OF 1972, FOR PURPOSES OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 79-11-394, 77-3-21, 77-3-22, 77-3-11, 77-3-47