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MS SB2835
Bill
AI Summary
- Increases the total amount of general obligation bonds that may be issued for rural fire truck funds from previous authorization to $21,775,930.00
- Allocates $6,655,930.00 of bond proceeds to the Supplementary Rural Fire Truck Fund and $15,120,000.00 to the Rural Fire Truck Fund
- Establishes that the State Bond Commission may issue bonds at one time or over time, with all bonds to be issued by July 1, 2011
- Bonds are general obligations of Mississippi backed by the full faith and credit of the state, with principal and interest payable from appropriated funds or state treasury funds if insufficient
- Bonds are exempt from state taxation and may be validated in Hinds County Chancery Court under existing bond validation procedures
Legislative Description
Bonds; increase amount authorized for the Supplementary Rural Fire Truck Fund and the Rural Fire Truck Fund.
Last Action
Died In Committee
2/24/2010
Full Bill Text
No bill text available