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MS HB1595

Bill

Status

Failed

2/27/2019

Primary Sponsor

Alyce Clarke

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Authorizes the State Bond Commission to issue up to $100,000 in general obligation bonds to fund repairs, renovations, furnishings, equipment, and upgrades to the Jackson Public School District's Career Development Center.

  • Creates a special fund called the "2019 Jackson Public School District - Career Development Center Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for the project.

  • Sets a deadline of July 1, 2023 for bond issuance and allows bonds to mature up to 25 years from the date of issue.

  • Pledges the full faith and credit of the State of Mississippi to pay principal and interest on the bonds, with any shortfall to be paid from the State Treasury.

  • Exempts bonds and their income from all state taxation and authorizes the State Treasurer to issue warrants as needed to pay bond principal and interest when due.

Legislative Description

Bonds; authorize issuance for improvements to the Jackson Public School District's Career Development Center.

Last Action

Died In Committee

2/27/2019

Committee Referrals

Ways and Means2/7/2019

Full Bill Text

No bill text available