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MS HB43
Bill
Status
Failed
2/27/2019
Primary Sponsor
Abe Hudson
Click for details
AI Summary
- Authorizes issuance of state general obligation bonds not to exceed $300,000 to fund establishment of a Business Impact Center at Alcorn State University Extension/Research Farm and Technology Transfer Center in Mound Bayou, Mississippi
- Creates a special fund designated the "2019 Alcorn State University Business Impact Center Fund" within the State Treasury to receive bond proceeds and manage disbursements under direction of the Department of Finance and Administration
- Bonds may be issued at any time up to July 1, 2023, with maturity not to exceed 25 years and interest rates subject to Mississippi Code limits
- Pledges the full faith and credit of the State of Mississippi to guarantee bond repayment, with any shortfall covered by the State Treasurer from unappropriated funds
- Bonds are exempt from state taxation and may be validated through the Chancery Court of the First Judicial District of Hinds County
Legislative Description
Bonds; authorize issuance to provide funds for establishing Business Impact Center at Alcorn State University site in Mound Bayou.
Last Action
Died In Committee
2/27/2019
Committee Referrals
Ways and Means1/11/2019
Full Bill Text
No bill text available