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MS HB163
Bill
Status
2/21/2018
Primary Sponsor
Bryant Clark
Click for details
AI Summary
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Authorizes issuance of up to $2,000,000 in state general obligation bonds to assist Yazoo County with repair, renovation, and restoration of the Yazoo County Courthouse.
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Creates the "2018 Yazoo County Courthouse Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for courthouse project costs.
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Establishes that bonds may not be issued after July 1, 2022, and have a maximum maturity of 25 years from the date of issue.
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Pledges the full faith and credit of the State of Mississippi to guarantee bond payments, with any deficiencies paid from the State Treasury.
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Exempts bonds and their income from all Mississippi state taxation and authorizes the State Bond Commission to manage bond issuance, sale, and administration.
Legislative Description
Bonds; authorize issuance to assist Yazoo County with renovation of county courthouse.
Last Action
Died In Committee
2/21/2018