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MS HB1595
Bill
Status
2/27/2019
Primary Sponsor
Alyce Clarke
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AI Summary
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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.
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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.
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Sets a deadline of July 1, 2023 for bond issuance and allows bonds to mature up to 25 years from the date of issue.
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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.
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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