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MS SB2626

Bill

Status

Failed

3/16/2016

Primary Sponsor

John Horhn

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Authorizes issuance of up to $2,000,000 in state general obligation bonds to fund construction, repair, renovation, replacement, and improvements to buildings, facilities, exhibits, and infrastructure at the Jackson Zoo and Livingston Park in Jackson, Mississippi

  • Creates the "2016 Jackson Zoo/Livingston Park Improvements Fund" as a special fund within the State Treasury to hold and disburse bond proceeds

  • Bonds may not be issued after July 1, 2020, and must mature within 25 years from the date of issue

  • Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from all state taxation

  • The Department of Finance and Administration has discretion over disbursement of funds, and the State Bond Commission serves as the issuing agent for the bonds

Legislative Description

Bonds; authorize issuance to provide funds for improvements to the Jackson Zoo and Livingston Park.

Last Action

Died In Committee

3/16/2016

Committee Referrals

Finance2/8/2016

Full Bill Text

No bill text available