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MS SB2556
Bill
Status
3/13/2014
Primary Sponsor
Joey Fillingane
Click for details
AI Summary
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Extends the Mississippi Home Corporation's authority to issue bonds and notes up to $350,000,000 annually from July 1, 2014 to July 1, 2019
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The $350 million annual cap excludes refunding bonds, conduit issuer bonds, and bonds issued for Hurricane Katrina-related purposes
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Annual issuance period follows the state's fiscal year, beginning July 1 and ending June 30
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After July 1, 2019, new bond issuance will be limited to the aggregate principal amount outstanding on that date
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Mississippi Home Corporation finances low and moderate income rental and residential housing and is designated as the sole state entity authorized to issue bonds for this purpose
Legislative Description
Mississippi Home Corporation; continue authority to issue a certain amount of bonds.
Last Action
Approved by Governor
3/13/2014