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MS SB2029
Bill
Status
2/25/2015
Primary Sponsor
Joey Fillingane
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AI Summary
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Authorizes issuance of $10,000,000 in state general obligation bonds to fund the Small Municipalities and Limited Population Counties Fund, with bonds to be issued no later than July 1, 2019
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Provides grants up to $250,000 per grant period to municipalities with populations of 10,000 or less and counties with populations of 30,000 or less
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Eligible projects include highways, streets, bridges, sidewalks, utilities, airports, equipment acquisition, and real property development or improvements
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Allows up to 3% of bond proceeds to be used by the Mississippi Development Authority for administrative costs related to funded projects
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Bonds mature within 25 years, are tax-exempt in Mississippi, and are backed by the full faith and credit of the state
Legislative Description
Small Municipalities and Limited Population Counties Fund; authorize the issuance of g.o. bonds for in the amount of $10,000,000,.00.
Last Action
Died In Committee
2/25/2015