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MS HB126

Bill

Status

Failed

2/27/2019

Primary Sponsor

Scott Bounds

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Authorizes issuance of up to $12,000,000 in state general obligation bonds for the Mississippi Department of Wildlife, Fisheries and Parks.

  • Bond proceeds fund repair and renovation of capital facilities, improvements, dams, roofing, wastewater and water well upgrades, and facility maintenance at state parks.

  • Bonds must be issued by July 1, 2023, with maturity dates not exceeding 25 years from issuance.

  • Creates a special "2019 State Parks Repair, Renovation and Capital Improvements Fund" in the State Treasury to hold and disburse bond proceeds under department discretion.

  • Bonds are general obligations of Mississippi with full faith and credit pledged; bond income is exempt from state taxation.

Legislative Description

Bonds; authorize issuance to provide funds for improvements at state parks.

Last Action

Died In Committee

2/27/2019

Committee Referrals

Ways and Means1/11/2019

Full Bill Text

No bill text available