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MS HB1493
Bill
Status
2/21/2018
Primary Sponsor
Jeffrey Smith
Click for details
AI Summary
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Increases the authorized amount of general obligation bonds for military installation projects from $68,000,000 to $71,000,000 under Section 57-75-5(f)(ii) of the Mississippi Major Economic Impact Act.
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These bonds are designated for projects designed to enhance facilities at risk for closure pursuant to the Base Closure and Realignment Act of 1991 or other applicable federal law.
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Extends the reverter date on provisions authorizing the State Bond Commission to negotiate the sale of bonds from June 30, 2018 to June 30, 2022.
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Bonds issued under this authority require State Bond Commission findings that issuance will improve military installations, provide replacement employment, or support authorized critical studies.
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Effective July 1, 2018.
Legislative Description
Mississippi Major Economic Impact Act; increase amount of bonds that may be issued for projects to enhance military facilities at risk for closure.
Last Action
Died In Committee
2/21/2018