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MS HB969
Bill
Status
Failed
2/27/2019
Primary Sponsor
Sam Mims
Click for details
AI Summary
- Authorizes issuance of state general obligation bonds not to exceed $750,000 to fund repairs, renovations, upgrades and improvements to parks, lakes and facilities in Amite, Franklin, Walthall and Wilkinson Counties
- Creates "2019 Scenic Rivers Development Alliance Improvements Fund" as a separate special fund to receive bond proceeds and disburse funds to specific projects including Ethel Vance Park, Okhissa Lake, Lake Walthall, and Clarks Creek Trail
- Grants State Bond Commission authority to prescribe bond terms, determine sale method, advertise and accept bids, and manage issuance with bonds maturing in no more than 25 years
- Pledges full faith and credit of the State of Mississippi to repay bonds; bonds are exempt from state taxation and any remaining fund balances after project completion shall be applied to debt service
- Requires all bond proceeds to be used solely for designated projects and related issuance costs; no bonds may be issued after July 1, 2023
Legislative Description
Bonds; authorize issuance to assist Scenic Rivers Development Alliance with certain projects in Amite, Franklin, Walthall and Wilkinson Counties.
Last Action
Died In Committee
2/27/2019
Committee Referrals
Ways and Means1/21/2019
Full Bill Text
No bill text available