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MS HB39
Bill
Status
Failed
3/17/2015
Primary Sponsor
Jeffrey Smith
Click for details
AI Summary
- Authorizes issuance of up to $51 million in state general obligation bonds for Mississippi State Fairgrounds improvements, with no more than $17 million issued in any single fiscal year
- Funds designated for repair and renovation of the Mississippi Coliseum, construction of a new trade mart adjoining the Coliseum, demolition of the existing Mississippi Trade Mart, and parking improvements
- Creates the "2015 Mississippi State Fairground Improvements Fund" as a special fund within the State Treasury to receive and disburse bond proceeds
- Bonds must be issued by July 1, 2019, with a maximum maturity of 25 years and tax-exempt status in Mississippi
- Prohibits relocating the State Fairgrounds from Jackson, Mississippi unless authorized by a two-thirds vote of both legislative chambers
Legislative Description
Bonds; authorize issuance for repair and renovation of the MS Coliseum and construction of a new trade mart.
Last Action
Died In Committee
3/17/2015
Committee Referrals
Finance2/26/2015
Ways and Means1/6/2015
Full Bill Text
No bill text available