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MS SB2626
Bill
AI Summary
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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
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Creates the "2016 Jackson Zoo/Livingston Park Improvements Fund" as a special fund within the State Treasury to hold and disburse bond proceeds
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Bonds may not be issued after July 1, 2020, and must mature within 25 years from the date of issue
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Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from all state taxation
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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