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MS HB1529
Bill
Status
2/21/2018
Primary Sponsor
Earle Banks
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AI Summary
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Authorizes issuance of state general obligation bonds not to exceed $500,000 to fund maintenance and renovations of the Mississippi Telecommunication Conference and Training Center in Jackson.
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Creates the "2018 Mississippi Telecommunication Conference and Training Center Fund" as a separate special fund within the State Treasury to receive bond proceeds and disburse funds for project costs.
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Prohibits bond issuance after July 1, 2022, and establishes a 25-year maximum maturity for bonds issued under this authority.
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Designates the State Bond Commission as the issuing agent to prescribe bond terms, determine sale methods, and handle all aspects of bond issuance and sale.
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Pledges the full faith and credit of the State of Mississippi to guarantee payment of principal and interest, with any shortfalls paid from unappropriated state treasury funds.
Legislative Description
Bonds; authorize issuance to assist with maintenance of the Mississippi Telecommunication and Conference Training Center.
Last Action
Died In Committee
2/21/2018