Mississippi 2025 Regular Session Status: Enacted 1 R cosponsors

HB 733 — "Property Cleanup Revolving Fund"; establish.

Last action — Approved by Governor

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 15, 2025. Enacted.

Signed by Governor Tate Reeves (Republican) on April 17, 2025.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 72% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Cleared a recorded vote

    Passed 3 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

What changed in the latest version

280 added · 395 removed

Plain-language change summary

The updated version of HB 733 now focuses specifically on providing grants to municipalities for cleaning up properties that have been sold for taxes rather than addressing properties deemed a menace to public health. Additionally, it allows only municipalities with populations over 145,000 to apply for these grants, and removes the previously included revolving loan program. This change is significant because it simplifies the fund's purpose and eligibility, aiming to target support more directly towards larger municipalities that may have a greater capacity to manage such issues.

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733 AN ACT TO CREATE THE "PROPERTY CLEANUP REVOLVING FUND" TO ASSIST MUNICIPALITIES WITH THE CLEAN UP OF PROPERTIES THAT HAVE BEEN DETERMINED TO BE A MENACE TO THE PUBLIC HEALTH, SAFETY AND WELFARE OF THE COMMUNITY IN ACCORDANCE WITH SECTION 21-19-11 OR COURT;
733 (As Sent to Governor) AN ACT TO CREATE THE "PROPERTY CLEANUP REVOLVING FUND" TO ASSIST MUNICIPALITIES WITH THE CLEANUP OF PROPERTIES SOLD FOR TAXES THAT HAVE BEEN CERTIFIED TO THE STATE;
TO AUTHORIZE THE CREATION OF A GRANT PROGRAM AND A REVOLVING LOAN PROGRAM ADMINISTERED BY THE MISSISSIPPI HOME CORPORATION FOR SUCH PROPERTY CLEANUP BY THE MUNICIPALITY;
TO AUTHORIZE THE CREATION OF A GRANT PROGRAM ADMINISTERED BY THE MISSISSIPPI HOME CORPORATION FOR SUCH PROPERTY CLEANUP BY THE MUNICIPALITY;
TO AUTHORIZE MUNICIPALITIES TO ENTER INTO AGREEMENTS AND TAKE SUCH ACTIONS NECESSARY TO PARTICIPATE IN THE GRANT PROGRAM AND LOAN PROGRAM;
TO SPECIFICALLY AUTHORIZE MUNICIPALITIES WITH A POPULATION IN EXCESS OF 145,000 TO APPLY FOR GRANTS UNDER THE PROGRAM;
TO AUTHORIZE MUNICIPALITIES TO ENTER INTO AGREEMENTS AND TAKE SUCH ACTIONS NECESSARY TO PARTICIPATE IN THE GRANT PROGRAM;
TO AMEND SECTION 29-1-145, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE SECRETARY OF STATE TO UTILIZE MONIES IN THE LAND RECORDS MAINTENANCE FUND TO CONTRACT WITH VENDORS TO MAINTAIN LANDS STRUCK OFF TO THE STATE;
TO AMEND SECTIONS 29-1-95 AND 27-104-205, MISSISSIPPI CODE OF 1972, TO RESTRICT MONIES IN THE LAND RECORDS MAINTENANCE FUND FROM LAPSING INTO THE GENERAL FUND AT THE END OF THE FISCAL YEAR;
(b) "Loan agreement" means an agreement by and among the corporation, a municipality, and the Department of Revenue to evidence the terms and provisions of a loan under this act.
(b) "Grant fund" means the Property Cleanup Revolving Fund created under Section 2 of this act.
(c) "Municipality" means any incorporated city, town, or village under state law.
733 *HR43/R1810* ~ OFFICIAL ~ R3/5 25/HR43/R1810 PAGE 1 (OM\KP) (d) "Municipal security" means a bond, note, line of credit, or other evidence of indebtedness issued by a municipality to evidence a loan pursuant to the provisions of this act.
733 *HR26/R1810SG* ~ OFFICIAL ~ R3/5 25/HR26/R1810SG PAGE 1 (OM\KP) (c) "Municipality" means any incorporated city, town, or village under state law.
(e) "Project" means property cleanup conducted by a municipality or its contractors pursuant to Section 21-19-11 or as authorized by a court of law.
(d) "Project" means property cleanup conducted by a municipality or its contractors on property sold for taxes that has been certified to the state that may include cutting grass and weeds;
(f) "Revolving fund" means the Property Cleanup Revolving Fund created under Section 2.
filling cisterns;
(g) "State" means the State of Mississippi.
securing abandoned or dilapidated buildings;
removing rubbish, abandoned or dilapidated fences, outside toilets, abandoned or dilapidated buildings, slabs, personal property, which removal of personal property shall not be subject to the provisions of Section 21-39-21, and other debris;
and draining cesspools and standing water therefrom.
(e) "State" means the State of Mississippi.
Establishment of revolving fund.
Establishment of grant fund.
The revolving fund shall be funded from any funds appropriated or otherwise made available by the Legislature in any manner, the proceed of bonds authorized to be issued by this act, and funds from any other source whether or not designated for deposit into such fund.
The grant fund shall be funded from any funds appropriated or otherwise made available by the Legislature in any manner and funds from any other source whether or not designated for deposit into such fund.
Unexpended amounts remaining in the revolving fund at the end of a fiscal year shall not lapse into the State General Fund, and any investment earnings or interest earned on amounts in the revolving fund shall be deposited to the credit of the revolving fund.
Unexpended amounts remaining in the grant fund at the end of a fiscal year shall not lapse into the State General Fund, and any investment earnings or interest earned on amounts in the grant fund shall be deposited to the credit of the grant fund.
The revolving fund shall be maintained in perpetuity for the purposes established in this section.
The grant fund shall be maintained in perpetuity for the purposes established in this section.
(2) The corporation shall establish a grant program and loan program utilizing the funds in the revolving fund which shall H.
H.
733 *HR43/R1810* ~ OFFICIAL ~ 25/HR43/R1810 PAGE 2(OM\KP) commence after July 1, 2025, to assist municipalities in projects to clean up property as authorized by Section 21-19-11 or a court.
733 *HR26/R1810SG* ~ OFFICIAL ~ 25/HR26/R1810SG PAGE 2(OM\KP) (2) The corporation shall establish a grant program utilizing the funds in the grant fund which shall commence after July 1, 2025, to assist municipalities with projects.
Grants and loans, or an aggregate thereof, from the revolving fund may be made to municipalities as set forth in an agreement in amounts not exceeding one hundred percent (100%) of estimated costs of a project allowed by Section 21-19-11 or a court and as otherwise allowed by this act.
Grants from the grant fund may be made to municipalities as set forth in an agreement in amounts not exceeding one hundred percent (100%) of estimated costs of a project.
The corporation shall establish a maximum amount for any grant or loan in order to provide for broad and equitable participation in the program.
The corporation shall establish a maximum amount for any grant to provide for broad and equitable participation in the program.
(3) Except as otherwise provided in this section, the revolving fund may be used only:
(3) Except as otherwise provided in this section, the grant fund may be used only:
(a) To make loans on the condition that:
(a) To make grants upon receipt of an application from a municipality provided that a municipality may not receive more than fifteen (15) grants in any calendar year.
(i) The loans are made at or below market interest rates, and the interest rate may vary from time to time and from loan to loan at the discretion of the corporation;
However, a grant may be used for more than one (1) project in a municipality;
(ii) Principal and interest payments may in the discretion of the corporation commence not later than one (1) year after the date of the loan;
(b) To earn interest on fund accounts;
and (iii) The recipient of a loan will establish a dedicated source of revenue for repayment of loans from any available funds of the municipality.
and (c) For the reasonable costs of administering the grant fund and conducting activities under this act.
(b) To buy or refinance the debt obligations of municipalities at or below market rates where the projects were H.
(4) The corporation may establish and collect fees to defray the reasonable costs of administering the grant fund.
The administration fees may be paid from the grant fund and included in the grant to municipalities for the purpose of facilitating H.
733 *HR43/R1810* ~ OFFICIAL ~ 25/HR43/R1810 PAGE 3(OM\KP) undertaken in compliance with applicable federal and state regulations;
733 *HR26/R1810SG* ~ OFFICIAL ~ 25/HR26/R1810SG PAGE 3(OM\KP) payment to the corporation.
(c) To guarantee, or purchase insurance for, obligations of municipalities where the action would improve credit market access or reduce interest rates;
The fees may not exceed three percent (3%) of the grant.
(d) To provide loan guarantees for similar revolving funds established by municipalities;
SECTION 3.
(e) To earn interest on fund accounts;
Authority to apply and oversight.
(f) For the reasonable costs of administering the revolving fund and conducting activities under this act;
(1) In a municipality with a population in excess of one hundred forty-five thousand (145,000), according to the 2020 United States Census, the Urban Renewal Authority and the Parking Authority with oversight of the Jackson Redevelopment Authority (JRA) are authorized to apply for grants under this act and to enter into agreements and take actions necessary to carry out site demolition and site preparation for the purposes of urban renewal.
(g) To make grants upon receipt of an application from a municipality on the condition that:
Funds shall be used exclusively for site preparation and property cleanup with oversight of the funds from the Jackson Redevelopment Authority.
(i) No more than twenty percent (20%) of the funds in the revolving fund at the beginning of each fiscal year, as determined by the corporation, may be used for the grant program each fiscal year;
(2) All applications and projects under Section 3 of this act shall be conducted under the oversight and coordination of the Jackson Redevelopment Authority (JRA).
(ii) A municipality may not have a population of more than ten thousand (10,000) people based on the most recent United States decennial census;
(3) The corporation shall promulgate such rules, guidelines, forms, and regulations as may be necessary to administer the grant program.
(iii) A municipality may not receive more than one (1) grant in any single fiscal year;
(4) Grants may be awarded in amounts not exceeding Two Thousand Dollars ($2,000.00) per project.
and (iv) A municipality shall reimburse the corporation from any funds received from the sale of the project for which a grant was awarded, and such funds shall be deposited in the revolving fund.
The corporation shall establish a maximum grant amount to ensure equitable access to funding.
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(5) No more than fifteen (15) grants may be awarded per calendar year to any municipality or authority.
733 *HR43/R1810* ~ OFFICIAL ~ 25/HR43/R1810 PAGE 4(OM\KP) (4) The corporation may provide a loan or grant from the revolving fund only with respect to a project if that project has been determined by the municipality to be a menace to the public health, safety, and welfare of the community in accordance with Section 21-19-11 or if a court has authorized a municipality to clean up the property.
733 *HR26/R1810SG* ~ OFFICIAL ~ 25/HR26/R1810SG PAGE 4(OM\KP) SECTION 4.
A grant or loan may be made for more than one project in a municipality.
Municipal authority.
(5) The revolving fund shall be credited with all payments of principal and interest derived from the fund uses described in subsection (3) of this section and such payments shall not lapse into the State General Fund.
Municipalities are hereby authorized to apply for a grant and to enter into agreements and to take such actions necessary to obtain such grants under the provisions of this act.
(6) The corporation may establish and collect fees to defray the reasonable costs of administering the revolving fund.
SECTION 5.
The administration fees may be paid from the revolving fund and included in grant and loan amounts to municipalities for the purpose of facilitating payment to the corporation.
Section 29-1-145, Mississippi Code of 1972, is amended as follows:
The fees may not exceed three percent (3%) of the grant or loan amount.
29-1-145.
(7) Notwithstanding anything herein to the contrary, the corporation may, on a case-by-case basis, renegotiate the payment of principal and interest on loans made under this section to municipalities located in areas designated as a major disaster area by the President of the United States.
(1) The chancery clerk or municipal clerk shall report to the Secretary of State any reasonable costs incurred by the county or municipality in maintaining unredeemed lands sold for taxes while those lands remain unsold.
SECTION 3.
The Secretary of State shall pay the maintenance costs out of the money deposited into the Land Records Maintenance Fund.
Loan repayment.
The Secretary of State shall certify to the Department of Finance and Administration and to the State Treasurer the amount of maintenance costs allowed to the county and municipality, and the Department of Finance and Administration shall issue a warrant in favor of the county or municipality for the amount of those costs.
(1) A municipality which receives a loan from the revolving fund is required to and authorized to pledge for the repayment of such loan (a) any part H.
In no event shall the maintenance costs allowed the county or municipality exceed the market value of the lands or the purchase money received from the sale of those lands, unless the potential damage to the property or any adjacent property requires the costs to exceed the market value of the lands or the purchase money received from the sale of those lands.
(2) The Secretary of State is authorized to use, upon appropriation by the Legislature, any monies deposited into the H.
733 *HR43/R1810* ~ OFFICIAL ~ 25/HR43/R1810 PAGE 5(OM\KP) of the sales tax reimbursement to which it may be entitled under Section 27-65-75, (b) any part of the homestead exemption annual tax loss reimbursement to which it may be entitled under Section 27-33-77, and (c) funds received from the sale, pursuant to Section 21-19-11, of the property that loan proceeds were used for the project up to the amount of the cost assessed by the municipality against the property to meet a repayment schedule set forth in a loan agreement.
733 *HR26/R1810SG* ~ OFFICIAL ~ 25/HR26/R1810SG PAGE 5(OM\KP) Land Records Maintenance Fund to contract with a vendor in accordance with state competitive bidding process to maintain unredeemed lands sold for taxes while those lands remain unsold and lands sold for taxes that have been certified to the state.
The loan agreement shall provide for (i) monthly payments, (ii) semiannual payments or (iii) other periodic payments, the annual total of which shall not exceed the annual total for any other year of the loan by more than fifteen percent (15%).
For purposes of this section, the term "maintain" means cutting grass, trees and/or limbs, or repairing, clearing or demolishing structures and/or cleaning rubbish and debris.
The loan agreement shall provide for the repayment of all funds received from the revolving fund for a period not to exceed twenty (20) years.
SECTION 6.
The Department of Revenue shall pay to the revolving fund monthly, or as often as is practicable, from the amount, which would otherwise be remitted to the municipality from its sales tax reimbursement or homestead exemption annual tax loss reimbursement, the amounts set forth in such loan agreement.
Section 29-1-95, Mississippi Code of 1972, is amended as follows:
(2) Before any municipality shall receive any loan from the revolving fund, it shall have executed with the Department of Revenue and the corporation a loan agreement evidencing that loan.
29-1-95.
The loan agreement provided for in this section shall not be construed to prohibit any recipient from prepaying any part or all of the funds received;
(1) All taxes due the county, municipality, public school district, drainage district or levee board on lands sold to the state for taxes and listed into the Secretary of State's office shall remain in abeyance until the land be sold, and thereafter such taxes shall be paid out of the purchase money;
and H.
but state, county, municipality, public school district, drainage district or levee board taxes shall not accrue on such lands after the fiscal year in which it was certified to the state.
Upon the payment of the purchase money of any tax land into the Treasury, the Secretary of State shall certify to the Department of Finance and Administration and to the Treasurer the amount of fees and costs allowed to the county tax collector and chancery clerk, as in cases of the redemption of lands from tax sales, under the provisions of Section 25-7-21;
and the Department of Finance and Administration shall issue warrants in favor of such county tax collector and chancery clerk for the amount of such fees.
The H.
733 *HR43/R1810* ~ OFFICIAL ~ 25/HR43/R1810 PAGE 6(OM\KP) (3) Municipal securities incurred or issued either pursuant to this chapter, in relation to this chapter, or pursuant to any other law as evidence of any loan made or indebtedness incurred pursuant to this chapter, shall not be deemed indebtedness within the meaning specified in Section 21-33-303 or subject to any debt limitations thereof.
733 *HR26/R1810SG* ~ OFFICIAL ~ 25/HR26/R1810SG PAGE 6(OM\KP) Secretary of State shall also certify to the Department of Finance and Administration and the Treasurer the amount of the county, municipality, public school district, drainage district and levee board taxes for which said land was sold to the state, and all taxes accruing on said land until the year in which it was certified to the state;
SECTION 4.
and the Department of Finance and Administration shall issue warrants in favor of the proper county, municipality, public school district, drainage district, and levee board for the said four (4) years' taxes.
Municipal authority.
The balance of the purchase money shall be deposited into a special fund to be known as the "Land Records Maintenance Fund," that is hereby created in the State Treasury.
(1) Municipalities are hereby authorized to apply for a grant and borrow monies under the provisions of Sections 1 through 5, to issue municipal securities to evidence such loans, and to enter into such other agreements necessary for such grants, loans, and municipal securities on such terms and conditions as such municipalities shall deem necessary and advisable.
The fund shall be administered by the Secretary of State, upon appropriation by the Legislature, to reimburse municipalities and counties for maintenance of unredeemed lands sold for taxes while those lands remain unsold;
(2) In connection with the issuance of municipal securities by municipalities to evidence loans under the provisions of this chapter, the following provisions shall specifically apply:
to contract with vendors in accordance with state competitive bidding procedures to maintain lands sold for taxes that have been certified to the state and to maintain unredeemed lands sold for taxes while those lands remain unsold.
(a) No notice of intent to issue municipal securities as may otherwise be required by state law shall be required;
* * * Any amount on hand in the Land Records Maintenance Fund at the end of the fiscal year that is not necessary to pay obligations to local governmental units set out in this subsection, after June 30 of each year, shall not lapse into the General Fund, but shall remain in the Land Records Maintenance Fund to be used for maintenance of unredeemed lands as prescribed under this subsection.
(b) The governing body of the municipality shall adopt such resolutions as may be necessary to borrow monies under this chapter, to issue and sell municipal securities to evidence such loans, and to approve and authorize the execution of any agreements related thereto;
(c) Such loan and municipal securities shall be secured as provided for in Section 3;
733 *HR43/R1810* ~ OFFICIAL ~ 25/HR43/R1810 PAGE 7(OM\KP) (d) Such loans and municipal securities shall not be deemed general obligations;
733 *HR26/R1810SG* ~ OFFICIAL ~ 25/HR26/R1810SG PAGE 7(OM\KP) (2) If, after the payment of the fees and costs allowed to the county tax collector and the chancery clerk, as aforesaid, the balance of the purchase money of any tax land paid into the Treasury shall be insufficient to cover the amount of the state, county, municipality, public school district, drainage district or levee board taxes due thereon, or if the records of the Secretary of State fail to show the amount of state, county, municipality, public school district, drainage district or levee board taxes accruing for the years until said land was certified to the state, on lands sold by the Secretary of State, he shall apportion the balance of the purchase money derived from the sale of such lands between the state, county, municipality, public school district, drainage district and levee board upon the basis of the amount of taxes due the state, county, municipality, public school district, drainage district and levee board, respectively, at the time said land was struck off to the state for delinquent taxes by the sheriff and tax collector, and for which said lands were struck off to the state.
(e) Such municipal securities shall be sold only to evidence the repayment of a loan under this chapter and may be sold at such price or prices, in such form, and subject to such terms and conditions of issue, redemption and maturity, rate of interest and time of payment of interest as otherwise provided for a loan under this chapter;
(3) All funds derived from the sale of properties under the provisions of Sections 7-11-15, 29-1-27, 29-1-29, 29-1-35, 29-1-37, 29-1-53 through 29-1-57, 29-1-73 and 29-1-81 through 29-1-87 shall be handled in the manner provided herein for funds derived from the sale of lands.
(f) A municipality may pay all expenses, premiums, fees and commissions which it may deem necessary and advantageous in connection with any loan and the issuance and sale of municipal securities under this chapter;
(4) From and after July 1, 2016, the expenses of this agency shall be defrayed by appropriation from the State General Fund and H.
(g) Municipal securities issued under this chapter may or may not be validated as provided in Section 31-13-1 et.
seq.;
and (h) This section shall be deemed to provide an additional, alternate and complete method for accomplishing the purposes authorized hereby and shall be deemed and construed to be supplemental to any provisions of any other laws and not in derogation of any such provisions.
In connection with the issuance of municipal securities under this chapter, a municipality shall not be required to comply with the provisions of any other law except as provided herein.
H.
733 *HR43/R1810* ~ OFFICIAL ~ 25/HR43/R1810 PAGE 8(OM\KP) SECTION 5.
733 *HR26/R1810SG* ~ OFFICIAL ~ 25/HR26/R1810SG PAGE 8(OM\KP) all user charges and fees, except the Land Records Maintenance Fund, authorized under this section shall be deposited into the State General Fund as authorized by law.
Program funding.
The requirements of this subsection (4) shall not apply to disbursements * * * by the Secretary of State from the Land Records Maintenance Fund, and to any funds which by law are to be collected and deposited to the Land Records Maintenance Fund.
(1) As used in this section, the following words shall have the meanings ascribed herein unless the context clearly requires otherwise:
(5) From and after July 1, 2016, no state agency shall charge another state agency a fee, assessment, rent or other charge for services or resources received by authority of this section.
(a) "Accreted value" of any bonds means, as of any date of computation, an amount equal to the sum of (i) the stated initial value of such bond, plus (ii) the interest accrued thereon from the issue date to the date of computation at the rate, compounded semiannually, that is necessary to produce the approximate yield to maturity shown for bonds of the same maturity.
This prohibition shall not apply to payments made from the Land Records Maintenance Fund provided for in subsection (1) of this section.
(b) "Bond Commission" means the State Bond Commission.
SECTION 7.
(2) (a) The corporation, at one time, or from time to time, may declare by resolution the necessity for issuance of general obligation bonds of the state to provide funds for the program authorized in Section 2.
Section 27-104-205, Mississippi Code of 1972, is amended as follows:
Upon the adoption of a resolution by the corporation, declaring the necessity for the issuance of any part or all of the general obligation bonds authorized by this subsection, the corporation shall deliver a certified copy of its resolution or resolutions to the bond commission.
27-104-205.
Upon receipt of such resolution, the bond commission, in its discretion, may act as the issuing agent, prescribe the form of the bonds, determine the appropriate method for sale of the bonds, advertise for and accept bids or negotiate the sale of the bonds, issue and sell the bonds so authorized to be sold, and do any and all other things necessary and advisable in connection with the issuance and sale H.
(1) From and after July 1, 2016, the expenses of the following enumerated state agencies shall be defrayed by appropriation of the Legislature from the State General Fund:
the State Fire Marshal, the State Fire Academy (not including the State Fire Academy Workforce Program Fund), the Office of Secretary of State (not including the Preneed Contracts Loss Recovery Fund, Land Records Maintenance Fund), the Mississippi Public Service Commission, the Mississippi Department of Information Technology Services, (not including the Mississippi Department of Information Technology Services Revolving Fund), the H.
733 *HR43/R1810* ~ OFFICIAL ~ 25/HR43/R1810 PAGE 9(OM\KP) of such bonds.
733 *HR26/R1810SG* ~ OFFICIAL ~ 25/HR26/R1810SG PAGE 9(OM\KP) State Personnel Board, the Mississippi Department of Insurance (not including the Municipal Fire Protection Fund, Section 83-1-37, the County Volunteer Fire Department Fund, Section 83-1-39, and the Mississippi Propane Education and Research Fund, Section 75-57-119), the Mississippi Law Enforcement Officers' Minimum Standards Board, the Mississippi Gaming Commission, the Office of the State Public Defender, the Mississippi Workers' Compensation Commission (not including the Second Injury Trust Fund) and the Office of Attorney General.
The total amount of bonds outstanding under this section shall not exceed Five Million Dollars ($5,000,000.00).
Beginning July 1, 2016, any fees, assessments or other revenues charged for the support of the above-named state agencies shall be deposited into the State General Fund, and any special fund or depository established within the State Treasury for the deposit of such fees, assessments or revenues shall be abolished and the balance transferred to the State General Fund.
No bonds authorized under this section shall be issued after July 1, 2027.
Expenses heretofore drawn from such special funds or other depositories shall be drawn from the agencies' General Fund Account.
(b) The proceeds of bonds issued pursuant to this section shall be deposited into the Property Cleanup Revolving Fund created pursuant to Section 2.
(2) Beginning with the fiscal year ending June 30, 2016, the amount to be appropriated annually from the State General Fund for the support of each of the above-named state agencies shall not exceed the amount appropriated for such purpose in the preceding fiscal year, plus any increases in or additional fees, assessments or other charges authorized by act of the Legislature for the succeeding fiscal year.
Any investment earnings on bonds issued pursuant to this section shall be used to pay debt service on bonds issued under this section, in accordance with the proceedings authorizing issuance of such bonds.
(3) The principal of and interest on the bonds authorized under this section shall be payable in the manner provided in this subsection.
Such bonds shall bear such date or dates, be in such denomination or denominations, bear interest at such rate or rates (not to exceed the limits set forth in Section 75–17–101), be payable at such place or places within or without the state, shall mature absolutely at such time or times not to exceed twenty-five (25) years from date of issue, be redeemable before maturity at such time or times and upon such terms, with or without premium, shall bear such registration privileges, and shall be substantially in such form, all as shall be determined by resolution of the bond commission.
(4) The bonds authorized by this section shall be signed by the chairman of the bond commission, or by his facsimile signature, and the official seal of the bond commission shall be H.
B.
No.
733 *HR43/R1810* ~ OFFICIAL ~ 25/HR43/R1810 PAGE 10(OM\KP) affixed thereto, attested by the Secretary of the commission.
The interest coupons, if any, to be attached to such bonds may be executed by the facsimile signatures of such officers.
Whenever any such bonds shall have been signed by the officials designated to sign the bonds who were in office at the time of such signing but who may have ceased to be such officers before the sale and delivery of such bonds, or who may not have been in office on the date such bonds may bear, the signatures of such officers upon such bonds and coupons shall nevertheless be valid and sufficient for all purposes and have the same effect as if the person so officially signing such bonds had remained in office until their delivery to the purchaser, or had been in office on the date such bonds may bear.
However, notwithstanding anything herein to the contrary, such bonds may be issued as provided in the Registered Bond Act of the state.
All bonds and interest coupons issued under the provisions of this section have all the qualities and incidents of negotiable instruments under the provisions of the Uniform Commercial Code, and in exercising the powers granted by this section, the bond commission shall not be required to and need not comply with the provisions of the Uniform Commercial Code.
(5) The bond commission shall act as issuing agent for the bonds authorized under this section, prescribe the form of the bonds, determine the appropriate method for sale of the bonds, advertise for and accept bids or negotiate the sale of the bonds, H.
B.
No.
733 *HR43/R1810* ~ OFFICIAL ~ 25/HR43/R1810 PAGE 11(OM\KP) issue and sell the bonds so authorized to be sold, pay all fees and costs incurred in such issuance and sale, and do any and all other things necessary and advisable in connection with the issuance and sale of such bonds.
The commission is authorized and empowered to pay the costs that are incident to the sale, issuance and delivery of the bonds authorized under this section from the proceeds derived from the sale of such bonds.
The bond commission may sell such bonds on sealed bids at public sale or may negotiate the sale of the bonds for such price as it may determine to be for the best interest of the state.
All interest accruing on such bonds so issued shall be payable semiannually or annually.
If such bonds are sold by sealed bids at public sale, notice of the sale shall be published at least one (1) time, not less than ten (10) days before the date of sale and shall be so published in one or more newspapers published or having a general circulation in the City of Jackson, Mississippi, selected by the bond commission.
The bond commission, when issuing any bonds under the authority of this section, may provide that bonds, at the option of the state, may be called in for payment and redemption at the call price named therein and accrued interest on such date or dates named therein.
(6) The bonds issued under the provisions of this section are general obligations of the state, and for the payment thereof the full faith and credit of the State of Mississippi is H.
B.
No.
733 *HR43/R1810* ~ OFFICIAL ~ 25/HR43/R1810 PAGE 12(OM\KP) irrevocably pledged.
If the funds appropriated by the Legislature are insufficient to pay the principal of and the interest on such bonds as they become due, then the deficiency shall be paid by the State Treasurer from any funds in the State Treasury not otherwise appropriated.
All such bonds shall contain recitals on their faces substantially covering the provisions of this subsection.
(7) Upon the issuance and sale of bonds under the provisions of this section, the bond commission shall transfer the proceeds of any such sale or sales to the Property Cleanup Revolving Fund created in Section 2.
The proceeds of such bonds shall be disbursed solely upon the order of the commission under such restrictions, if any, as may be contained in the resolution providing for the issuance of the bonds.
(8) The bonds authorized under this section may be issued without any other proceedings or the happening of any other conditions or things other than those proceedings, conditions and things which are specified or required by this section.
Any resolution providing for the issuance of bonds under the provisions of this section shall become effective immediately upon its adoption by the bond commission, and any such resolution may be adopted at any regular or special meeting of the bond commission by a majority of its members.
(9) The bonds authorized under the authority of this section may be validated in the Chancery Court of the First Judicial District of Hinds County, Mississippi, in the manner and with the H.
B.
No.
733 *HR43/R1810* ~ OFFICIAL ~ 25/HR43/R1810 PAGE 13(OM\KP) force and effect provided by Chapter 13, Title 31, Mississippi Code of 1972, for the validation of county, municipal, school district and other bonds.
The notice to taxpayers required by such statutes shall be published in a newspaper published or having a general circulation in the City of Jackson, Mississippi.
(10) Any holder of bonds issued under the provisions of this section or of any of the interest coupons pertaining thereto may, either at law or in equity, by suit, action, mandamus or other proceeding, protect and enforce any and all rights granted under this section, or under such resolution, and may enforce and compel performance of all duties required by this section to be performed, in order to provide for the payment of bonds and interest thereon.
(11) All bonds issued under the provisions of this section shall be legal investments for trustees and other fiduciaries, and for savings banks, trust companies and insurance companies organized under the laws of the state, and such bonds shall be legal securities which may be deposited with and shall be received by all public officers and bodies of this state and all municipalities and political subdivisions for the purpose of securing the deposit of public funds.
(12) Bonds issued under the provisions of this section and income therefrom shall be exempt from all taxation in the state.
733 *HR43/R1810* ~ OFFICIAL ~ 25/HR43/R1810 PAGE 14(OM\KP) (13) The proceeds of the bonds issued under this section shall be used solely for the purposes therein provided, including the costs incident to the issuance and sale of such bonds.
733 *HR26/R1810SG* ~ OFFICIAL ~ 25/HR26/R1810SG PAGE 10(OM\KP) (3) The provisions of this section shall not apply to any trust fund account that is maintained by any above-named agency.
(14) The State Treasurer is authorized, without further process of law, to certify to the Department of Finance and Administration the necessity for warrants, and the Department of Finance and Administration is authorized and directed to issue such warrants, in such amounts as may be necessary to pay when due the principal of, premium, if any, and interest on, or the accreted value of, all bonds issued under this section;
(4) The provisions of this section shall not prohibit any of the above-named agencies from maintaining clearing accounts in approved depositories.
and the State Treasurer shall forward the necessary amount to the designated place or places of payment of such bonds in ample time to discharge such bonds, or the interest thereon, on the due dates thereof.
(5) The provisions of this section shall not apply to any trust fund accounts maintained by the Public Employees' Retirement System and protected under Section 272A of the Mississippi Constitution of 1890.
(15) This section shall be deemed to be full and complete authority for the exercise of the powers therein granted, but this section shall not be deemed to repeal or to be in derogation of any existing law of this state.
SECTION 8.
SECTION 6.
This act shall take effect and be in force from and after July 1, 2025.
This act shall take effect and be in force from and after its passage.
733 *HR43/R1810* ~ OFFICIAL ~ 25/HR43/R1810 ST:
733 *HR26/R1810SG* ~ OFFICIAL ~ 25/HR26/R1810SG ST:
PAGE 15(OM\KP) establish.
PAGE 11(OM\KP) establish.
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Amendments

2 amendments

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Action History

  1. Approved by Governor

  2. Enrolled Bill Signed

  3. Enrolled Bill Signed

  4. Conference Report Adopted

  5. Conference Report Adopted

  6. Conference Report Filed

  7. Conference Report Filed

  8. Conferees Named McMahan,Fillingane,Norwood

  9. Conferees Named Rushing,Crudup,Lamar

  10. Decline to Concur/Invite Conf

  11. Returned For Concurrence

  12. Passed As Amended

  13. Amended

  14. Title Suff Do Pass As Amended

  15. DR - TSDPAA: MU To FI

  16. Referred To Municipalities;Finance

  17. Transmitted To Senate

  18. Passed

  19. Title Suff Do Pass

  20. DR - TSDP: WM To MU

  21. DR - TSDP: MU To WM

  22. Referred To Municipalities;Ways and Means

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 174 not signed on · 1 voted No

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (174)

174 members have not signed on to this bill.

Show all 174 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Adopt Conference Report

Passed 45 Yea · 1 Nay · 5 Other
Party YeaNayPresentNot Voting
Democrat 11002
Republican 28103
Unaffiliated 6000
Total 45105
% of votes cast 88%2%0%10%
How each member voted (51)
Member Party Vote
Horhn — Yea
Jordan — Yea
Parker — Yea
Polk — Yea
Robinson — Yea
Turner-Ford — Yea
Albert Butler Democrat Not Voting
Bradford Blackmon Democrat Yea
David Blount Democrat Yea
Derrick T. Simmons Democrat Yea
Gary Brumfield Democrat Not Voting
Hillman Terome Frazier Democrat Yea
Hob Bryan Democrat Yea
Joseph Thomas Democrat Yea
Juan Barnett Democrat Yea
Reginald Jackson Democrat Yea
Rod Hickman Democrat Yea
Sarita Simmons Democrat Yea
Sollie B. Norwood Democrat Yea
Andy Berry Republican Yea
Angela Burks Hill Republican Not Voting
Bart Williams Republican Yea
Benjamin Suber Republican Yea
Brian Rhodes Republican Yea
Brice Wiggins Republican Yea
Briggs Hopson Republican Yea
Chad McMahan Republican Yea
Chris Johnson Republican Yea
Chuck Younger Republican Yea
Daniel H. Sparks Republican Not Voting
Dean Kirby Republican Yea
Dennis DeBar, Jr. Republican Yea
J. Walter Michel Republican Yea
Jason Barrett Republican Yea
Jeff Tate Republican Yea
Jeremy England Republican Yea
Joel R. Carter, Jr. Republican Yea
Joey Fillingane Republican Yea
Joseph M. Seymour Republican Yea
Josh Harkins Republican Yea
Kathy L. Chism Republican Nay
Kevin Blackwell Republican Yea
Lydia Graves Chassaniol Republican Yea
Michael McLendon Republican Yea
Mike Thompson Republican Yea
Neil S. Whaley Republican Not Voting
Nicole Boyd Republican Yea
Philman Ladner Republican Yea
Rita Potts Parks Republican Yea
Scott DeLano Republican Yea
Tyler McCaughn Republican Yea

Official roll call →

Passage as Amended

Passed 51 Yea · 0 Nay
Party YeaNayPresentNot Voting
Democrat 13000
Republican 32000
Unaffiliated 6000
Total 51000
% of votes cast 100%0%0%0%
How each member voted (51)
Member Party Vote
Horhn — Yea
Jordan — Yea
Parker — Yea
Polk — Yea
Robinson — Yea
Turner-Ford — Yea
Albert Butler Democrat Yea
Bradford Blackmon Democrat Yea
David Blount Democrat Yea
Derrick T. Simmons Democrat Yea
Gary Brumfield Democrat Yea
Hillman Terome Frazier Democrat Yea
Hob Bryan Democrat Yea
Joseph Thomas Democrat Yea
Juan Barnett Democrat Yea
Reginald Jackson Democrat Yea
Rod Hickman Democrat Yea
Sarita Simmons Democrat Yea
Sollie B. Norwood Democrat Yea
Andy Berry Republican Yea
Angela Burks Hill Republican Yea
Bart Williams Republican Yea
Benjamin Suber Republican Yea
Brian Rhodes Republican Yea
Brice Wiggins Republican Yea
Briggs Hopson Republican Yea
Chad McMahan Republican Yea
Chris Johnson Republican Yea
Chuck Younger Republican Yea
Daniel H. Sparks Republican Yea
Dean Kirby Republican Yea
Dennis DeBar, Jr. Republican Yea
J. Walter Michel Republican Yea
Jason Barrett Republican Yea
Jeff Tate Republican Yea
Jeremy England Republican Yea
Joel R. Carter, Jr. Republican Yea
Joey Fillingane Republican Yea
Joseph M. Seymour Republican Yea
Josh Harkins Republican Yea
Kathy L. Chism Republican Yea
Kevin Blackwell Republican Yea
Lydia Graves Chassaniol Republican Yea
Michael McLendon Republican Yea
Mike Thompson Republican Yea
Neil S. Whaley Republican Yea
Nicole Boyd Republican Yea
Philman Ladner Republican Yea
Rita Potts Parks Republican Yea
Scott DeLano Republican Yea
Tyler McCaughn Republican Yea

Official roll call →

Passage

Passed 120 Yea · 0 Nay
Party YeaNayPresentNot Voting
Republican 77000
Democrat 38000
Independent 2000
Unaffiliated 3000
Total 120000
% of votes cast 100%0%0%0%
How each member voted (120)
Member Party Vote
Lancaster — Yea
Paden — Yea
Mr. Speaker — Yea
Bo Brown Democrat Yea
Bob Evans Democrat Yea
Bradford Blackmon Democrat Yea
Bryant W. Clark Democrat Yea
Carl Mickens Democrat Yea
Cedric Burnett Democrat Yea
Cheikh Taylor Democrat Yea
Christopher M. Bell Democrat Yea
Daryl Porter Democrat Yea
Earle S. Banks Democrat Yea
Fabian Nelson Democrat Yea
Gregory Holloway, Sr. Democrat Yea
Hester Jackson McCray Democrat Yea
Jeffery Harness Democrat Yea
Jeffrey Hulum III Democrat Yea
Jeramey Anderson Democrat Yea
John G. Faulkner Democrat Yea
John W. Hines, Sr. Democrat Yea
Juan Barnett Democrat Yea
Justis Gibbs Democrat Yea
Kabir Karriem Democrat Yea
Karl Gibbs Democrat Yea
Keith Jackson Democrat Yea
Kenji Holloway Democrat Yea
Lataisha Jackson Democrat Yea
Omeria Scott Democrat Yea
Oscar Denton Democrat Yea
Otis Anthony Democrat Yea
Percy W. Watson Democrat Yea
Robert L. Sanders Democrat Yea
Ronnie C. Crudup Democrat Yea
Solomon C. Osborne Democrat Yea
Stephanie Foster Democrat Yea
Tamarra Butler-Washington Democrat Yea
Timaka James-Jones Democrat Yea
Tracey T. Rosebud Democrat Yea
Willie Bailey Democrat Yea
Zakiya Summers Democrat Yea
Angela Cockerham Independent Yea
Shanda Yates Independent Yea
Andy Boyd Republican Yea
Becky Currie Republican Yea
Beth Luther Waldo Republican Yea
Bill Kinkade Republican Yea
Bill Pigott Republican Yea
Billy Adam Calvert Republican Yea
Brad Mattox Republican Yea
Brent Anderson Republican Yea
Brent Powell Republican Yea
C. Scott Bounds Republican Yea
Carolyn Crawford Republican Yea
Casey Eure Republican Yea
Celeste Hurst Republican Yea
Chris Johnson Republican Yea
Clay Deweese Republican Yea
Clay Mansell Republican Yea
Dan Eubanks Republican Yea
Dana McLean Republican Yea
Donnie Bell Republican Yea
Donnie Scoggin Republican Yea
Elliot Burch Republican Yea
Fred Shanks Republican Yea
Gene Newman Republican Yea
Greg Haney Republican Yea
Henry Zuber III Republican Yea
Jansen Owen Republican Yea
Jay McKnight Republican Yea
Jeff Hale Republican Yea
Jeffrey S. Guice Republican Yea
Jerry R. Turner Republican Yea
Jill Ford Republican Yea
Jim Estrada Republican Yea
Jimmy Fondren Republican Yea
Jody Steverson Republican Yea
Joey Hood Republican Yea
John Read Republican Yea
John Thomas "Trey" Lamar, III Republican Yea
Jonathan McMillan Republican Yea
Joseph Tubb Republican Yea
Josh Hawkins Republican Yea
Justin Keen Republican Yea
Karl Oliver Republican Yea
Ken Morgan Republican Yea
Kent McCarty Republican Yea
Kevin Blackwell Republican Yea
Kevin Felsher Republican Yea
Kevin Ford Republican Yea
Kevin Horan Republican Yea
Kimberly Remak Republican Yea
Lance Varner Republican Yea
Larry Byrd Republican Yea
Lee Yancey Republican Yea
Lester Carpenter Republican Yea
Manly Barton Republican Yea
Mark Tullos Republican Yea
Mike Thompson Republican Yea
Missy McGee Republican Yea
Noah Sanford Republican Yea
Philman Ladner Republican Yea
Price Wallace Republican Yea
Randy P. Boyd Republican Yea
Randy Rushing Republican Yea
Richard Bennett Republican Yea
Rob Roberson Republican Yea
Rodney Hall Republican Yea
Sam C. Mims, V Republican Yea
Sam Creekmore IV Republican Yea
Shane Aguirre Republican Yea
Stacey Hobgood-Wilkes Republican Yea
Stephen A. Horne Republican Yea
Steve Lott Republican Yea
Steve Massengill Republican Yea
Troy Smith Republican Yea
Vince Mangold Republican Yea
W.I. "Doc" Harris Republican Yea
William Tracy Arnold Republican Yea
Zachary Grady Republican Yea

Official roll call →

Subjects

finance housing
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Frequently asked questions

Who sponsors HB 733?
HB 733 is sponsored by Randy Rushing (Republican).
What is the current status of HB 733?
This bill has been enacted into law. Introduced January 15, 2025. Enacted.
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