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MS HB1530

Bill

Status

Failed

2/26/2014

Primary Sponsor

Earle Banks

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • 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.

  • Creates a special "2014 Jackson Zoo Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for eligible Jackson Zoo projects.

  • 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.

  • 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.

  • 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

Committee Referrals

Ways and Means2/17/2014

Full Bill Text

No bill text available