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MS HB781

Bill

Official Source

Status

Failed

2/21/2018

Primary Sponsor

Credell Calhoun

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

  • Authorizes issuance of up to $1,500,000 in state general obligation bonds for improvements to the Jackson Zoo and Livingston Park in Jackson, Mississippi
  • Creates a special "2018 Jackson Zoo/Livingston Park Improvements Fund" within the State Treasury to receive bond proceeds and pay for construction, repair, renovation, replacement, and improvements to buildings, facilities, exhibits, and infrastructure
  • Bonds may not be issued after July 1, 2022, and must mature within 25 years from date of issue
  • Bonds are backed by the full faith and credit of the State of Mississippi, with any shortfalls paid from the State Treasury
  • Investment earnings on the fund and any remaining monies after project completion shall be applied to pay debt service on the bonds

Legislative Description

Bonds; authorize issuance to provide funds for improvements to the Jackson Zoo and Livingston Park.

Last Action

Died In Committee

2/21/2018

Committee Referrals

Ways and Means1/11/2018

Full Bill Text

No bill text available