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MS SB2848
Bill
Status
2/27/2019
Primary Sponsor
Kevin Blackwell
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AI Summary
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Authorizes issuance of state general obligation bonds not to exceed $50,000 to fund repairs, renovations, and HVAC installation at the DeSoto County Animal Shelter.
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Creates a special "2019 DeSoto County Animal Shelter Fund" within the State Treasury to receive bond proceeds and disburse funds under Department of Finance and Administration discretion.
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Bonds may not be issued after July 1, 2023, and must mature within 25 years from date of issue with interest rates not exceeding limits set in Mississippi Code Section 75-17-101.
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Pledges full faith and credit of the State of Mississippi to guarantee bond repayment, with any deficiencies paid from the State Treasury.
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Remaining fund amounts after project completion shall be applied to pay debt service on the bonds, and bond proceeds are exempt from state taxation.
Legislative Description
Bonds; authorize in amount of $50,000.00 for repairs, renovations and HVAC installation at DeSoto County Animal Shelter.
Last Action
Died In Committee
2/27/2019