Loading chat...
MS SB2947
Bill
AI Summary
-
Authorizes counties to use up to 25% of annual state aid road allocations for retiring debt incurred on local system road construction, reconstruction, or paving projects, in addition to using funds directly for these improvements.
-
Requires counties to meet all chapter requirements and receive State Aid Engineer approval before utilizing state aid funds for debt retirement purposes.
-
Allows counties to use up to 25% of state aid road funds for Local System Road Program projects or debt service payments on approved local system road project debt.
-
Effective July 1, 2010.
Legislative Description
Local system roads; allow portion of state aid allocated to counties to be used to retire debt for.
Last Action
Died In Committee
2/2/2010
Full Bill Text
No bill text available