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MS SB2531
Bill
Status
Failed
2/21/2018
Primary Sponsor
Derrick Simmons
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AI Summary
- Authorizes issuance of up to $6,200,000 in state general obligation bonds to fund street improvements in Greenville, Mississippi
- Creates the "2018 City of Greenville-Broadway Street and Reed Road Improvements Fund" within the State Treasury to hold bond proceeds
- Funds repair, rehabilitation, resurfacing, construction, and reconstruction of Broadway Street (from Deaton Street to Magnolia Street) and Reed Road (from Canal No. 9 to Raceway Road)
- Bonds must be issued by July 1, 2022, with a maximum maturity of 25 years from date of issue
- Bonds and income from them are exempt from all Mississippi state taxation
Legislative Description
City of Greenville; authorize the issuance of general obligation bonds for improvements to certain city streets.
Last Action
Died In Committee
2/21/2018
Committee Referrals
Finance1/15/2018
Full Bill Text
No bill text available