HB 1643 Summary

• Authorizes issuance of $430,000.00 in state general obligation bonds for the Mississippi Community Heritage Preservation Grant Fund, with bonds to be issued by July 1, 2019.

• Bonds are general obligations of the State of Mississippi backed by full faith and credit; principal and interest payable from state funds with maturity not exceeding 25 years.

• Allocates $430,000.00 in grant funds to Greene County, Mississippi to assist with repair, renovation and restoration of the Greene County Courthouse.

• Amends Section 39-5-145 to establish procedures for disbursement of grants to county governments, municipalities, school districts and nonprofit organizations for preservation and restoration of historic properties including courthouses and school buildings.

• Allows reimbursement of reasonable costs incurred by the Mississippi Department of Archives and History for project assistance, limited to 3% of bond proceeds per project.