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MS HB1666
Bill
Status
2/22/2017
Primary Sponsor
Earle Banks
Click for details
AI Summary
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Authorizes issuance of up to $5,000,000 in state general obligation bonds to fund Jackson State University's Science, Technology, Engineering and Mathematics (STEM) Program
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Creates the "2017 Jackson State University Science, Technology, Engineering and Mathematics (STEM) Program Fund" as a special fund within the State Treasury, with unexpended amounts carrying over between fiscal years
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Bonds must be issued before July 1, 2021, with a maximum maturity of 25 years from 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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Department of Finance and Administration has discretion over disbursement of funds to assist JSU with administration and operation of the STEM program
Legislative Description
Bonds; authorize issuance to provide funds to assist JSU with Science, Technology, Engineering and Mathematics (STEM) Program.
Last Action
Died In Committee
2/22/2017