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MS HB1416
Bill
Status
2/23/2011
Primary Sponsor
Percy Watson
Click for details
AI Summary
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Authorizes the Department of Rehabilitation Services to borrow up to $7,000,000 from the Mississippi Development Bank for construction, repair, renovation, furnishing, and equipping of its office building in Madison, Mississippi.
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The Department of Rehabilitation Services is exempted from meeting the requirements of Section 31-25-27(14) in connection with this loan.
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Loan terms and conditions are to be determined through a contract between the Department of Rehabilitation Services and the Mississippi Development Bank, consistent with existing provisions for state agency borrowing.
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The act takes effect on July 1, 2011.
Legislative Description
Dept. of Rehabilitation Services; may borrow money from the Mississippi Development Bank for capital improvements.
Last Action
Died In Committee
2/23/2011