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MS HB1657
Bill
Status
2/22/2017
Primary Sponsor
Earle Banks
Click for details
AI Summary
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Authorizes issuance of up to $1,000,000 in state general obligation bonds to help the City of Jackson acquire, remove, and demolish dilapidated and blighted properties
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Targets properties located near state government grounds and lands, as well as properties within or near the Farish Street Historic District
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Creates the "2017 City of Jackson Dilapidated and Blighted Properties Improvements Fund" within the State Treasury to hold and disburse bond proceeds
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Bonds must be issued by July 1, 2021, may not exceed 25 years to maturity, and are backed by the full faith and credit of Mississippi
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Bond proceeds and income are exempt from all Mississippi taxation, and remaining funds after project completion must be applied to bond debt service
Legislative Description
Bonds; authorize issuance to assist City of Jackson with removal and demolition of certain dilapidated and blighted properties.
Last Action
Died In Committee
2/22/2017