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MS SB2904
Bill
AI Summary
- Authorizes issuance of state general obligation bonds not to exceed $5,000,000 to fund repair, renovation, and improvements to buildings in Batesville, Mississippi for the Concourse Workforce Training Center
- Creates a special fund designated "2019 Concourse Workforce Training Center" within the State Treasury to receive and disburse bond proceeds for the specified improvements
- Bonds may mature up to 25 years from issue date and cannot be issued after July 1, 2023
- Full faith and credit of the State of Mississippi is pledged to secure the bonds, with the State Treasurer required to pay principal and interest from general treasury funds if legislative appropriations are insufficient
- Bonds are exempt from Mississippi taxation and are valid legal investments for trustees, fiduciaries, banks, and insurance companies
Legislative Description
Bonds; authorize issuance for improvements to certain property in Batesville to house the Concourse Workforce Training Center.
Last Action
Died In Committee
2/27/2019
Committee Referrals
Finance1/21/2019
Full Bill Text
No bill text available