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MS HB1574

Bill

Status

Failed

2/27/2019

Primary Sponsor

Jeffrey Smith

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Authorizes the issuance of state general obligation bonds not to exceed $3,400,000 to fund construction, development, and improvements at LeFleur's Bluff State Park in Jackson, Mississippi.

  • Establishes the "2019 LeFleur's Bluff State Park Improvements Fund" to be maintained separately within the State Treasury for disbursement by the Department of Finance and Administration.

  • Funds will support enhancements to the Mississippi Children's Museum and Mississippi Museum of Natural Science entrances, including related property, roadways, infrastructure, facilities, and amenities.

  • Authorizes the State Bond Commission to issue bonds, determine sale method, and manage bond issuance procedures, with all bonds backed by the full faith and credit of the State of Mississippi.

  • Bonds must be issued by July 1, 2023, with a maturity period not exceeding 25 years; bond income is exempt from Mississippi state taxation.

Legislative Description

Bonds; authorize issuance for certain improvements at LeFleur's Bluff State Park.

Last Action

Died In Committee

2/27/2019

Committee Referrals

Ways and Means1/21/2019

Full Bill Text

No bill text available