Loading chat...
MS HB1654
Bill
Status
2/22/2017
Primary Sponsor
Larry Byrd
Click for details
AI Summary
-
Authorizes issuance of up to $600,000 in state general obligation bonds to fund road improvements on Old Richton Road in Petal, Mississippi (Forrest County)
-
Creates the "2017 Old Richton Road Improvements Fund" in the State Treasury to receive bond proceeds and pay for repair, rehabilitation, resurfacing, construction, and reconstruction of the road
-
Project covers Old Richton Road from its intersection with Evelyn Gandy Parkway easterly to the Petal city limits
-
Bonds must be issued before July 1, 2021, with a maximum maturity of 25 years from date of issue
-
Bonds and income from them are exempt from all Mississippi state taxation and are backed by the full faith and credit of the state
Legislative Description
Bonds; authorize issuance to provide funds for improvements to portion of Old Richton Road in City of Petal.
Last Action
Died In Committee
2/22/2017