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MS SB3107
Bill
AI Summary
- Authorizes issuance of state general obligation bonds not to exceed $1,000,000 to provide matching construction funds for a regional workforce training center on the Southwest Mississippi Community College campus
- Bonds will be used to obtain funding from the U.S. Department of Commerce Economic Development Administration, which will cover 80% of construction costs
- Southwest Mississippi Community College must provide at least $200,000 in matching funds as a condition for bond issuance
- Creates the "Southwest Mississippi Community College Regional Workforce Training Center Construction Fund" within the State Treasury to hold bond proceeds and college matching funds
- Bonds cannot be issued after July 1, 2013, and shall mature no later than 25 years from date of issue, with interest rates subject to state law limits
Legislative Description
Bonds; authorize for matching funds for construction of a regional workforce training center at Southwest MS Community College.
Last Action
Approved by Governor
3/9/2010
Full Bill Text
No bill text available