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MS HB1530
Bill
Status
2/26/2014
Primary Sponsor
Earle Banks
Click for details
AI Summary
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Authorizes the State Bond Commission to issue up to $2,000,000 in general obligation bonds to fund construction, repair, renovation, and improvements to the Jackson Zoo in Jackson, Mississippi.
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Creates a special "2014 Jackson Zoo Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for eligible Jackson Zoo projects.
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Bonds may be issued at any time or in multiple installments but cannot be issued after July 1, 2018, with maturity dates not exceeding 25 years from issuance.
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Pledges the full faith and credit of the State of Mississippi to guarantee bond payments, with any deficiencies paid from the State Treasury; bonds are exempt from state taxation.
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Requires the State Bond Commission to handle all aspects of bond issuance including determining sale method, advertising, accepting bids, and transferring proceeds to the special fund.
Legislative Description
Bonds; authorize issuance to provide funds for improvements to Jackson Zoo.
Last Action
Died In Committee
2/26/2014