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MS HB1608

Bill

Official Source

Status

Failed

3/18/2014

Primary Sponsor

Jeffrey Smith

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Authorizes issuance of up to $55 million in state general obligation bonds for Mississippi State Fairgrounds improvements, with no more than $27.5 million issued in any single fiscal year
  • Creates the "2014 Mississippi State Fairground Improvements Fund" to receive bond proceeds, with disbursements controlled by the Department of Finance and Administration
  • Funds designated for repair, renovation, and improvements to the Mississippi Coliseum; construction of a new trade mart adjoining the Coliseum; demolition of the existing Mississippi Trade Mart; and parking improvements
  • Bonds must be issued before July 1, 2018, with a maximum maturity of 25 years from date of issue
  • Bonds are tax-exempt general obligations of the state, backed by the full faith and credit of Mississippi

Legislative Description

Bonds; authorize issuance of general obligation bonds for repair and renovation of the MS Coliseum and construction of a new trade mart.

Last Action

Died In Committee

3/18/2014

Committee Referrals

Finance3/5/2014
Ways and Means2/25/2014

Full Bill Text

No bill text available