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MS SB2700
Bill
AI Summary
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Amends Chapter 479, Laws of 2015, to redirect excess bond sinking fund amounts from the Gaming Counties State Assisted Infrastructure Fund to the Economic Development and Infrastructure Fund.
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Excess monies in the special bond sinking fund (amounts beyond what is needed for annual debt service on bonds issued under this law) shall be transferred to the Economic Development and Infrastructure Fund created in Section 57-1-501, Mississippi Code of 1972.
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Maintains all existing provisions regarding the $200 million bond authorization for bridge repairs, state aid roads, and deficient bridge projects on state-maintained highways.
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Takes effect July 1, 2018.
Legislative Description
Economic Development and Infrastructure Fund; require deposit into of certain funds from a bond sinking fund not needed for debt service.
Last Action
Died In Committee
1/30/2018