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MS SB2942
Bill
Status
2/27/2019
Primary Sponsor
Tammy Witherspoon
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AI Summary
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Authorizes issuance of up to $1,000,000 in state general obligation bonds to fund renovation of Walthall County Courthouse.
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Creates the "2019 Walthall County Courthouse Renovation Fund" within the State Treasury to receive and disburse bond proceeds at the discretion of the Department of Finance and Administration.
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Bonds may be issued anytime before July 1, 2023, with maturity dates not exceeding 25 years from issuance and interest rates complying with Mississippi Code Section 75-17-101.
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Pledges the full faith and credit of Mississippi for bond repayment; if legislative appropriations are insufficient, any deficiency shall be paid from unappropriated state funds.
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Bonds are exempt from Mississippi state taxation and qualify as legal investments for trustees, fiduciaries, savings banks, and insurance companies.
Legislative Description
Bonds; authorize the issuance of general obligation bonds to assist Walthall County in renovation of the county courthouse.
Last Action
Died In Committee
2/27/2019