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MS HB212
Bill
Status
2/27/2019
Primary Sponsor
Kathy Sykes
Click for details
AI Summary
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Authorizes the State Bond Commission to issue up to $100,000 in general obligation bonds, with proceeds deposited into a special "2019 City of Jackson Parks Improvements Fund"
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Allocates up to $50,000 for improvements to Laurel Street Park and up to $50,000 for improvements to Medgar Evers Community Center and Park in Jackson, Mississippi
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Bonds may mature up to 25 years from issuance and cannot be issued after July 1, 2023
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Bonds are backed by the full faith and credit of the State of Mississippi, are exempt from state taxation, and proceeds are used solely for the authorized park projects and bond issuance costs
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Any remaining fund balance after project completion must be applied to pay debt service on the issued bonds
Legislative Description
Bonds; authorize issuance to assist City of Jackson with improvements to Laurel Street Park and Medgar Evers Community Center and Park.
Last Action
Died In Committee
2/27/2019