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MS SB3082
Bill
Status
2/27/2019
Primary Sponsor
Barbara Blackmon
Click for details
AI Summary
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Authorizes issuance of state general obligation bonds up to $500,000 to assist the City of Kosciusko, Mississippi with repair and renovation of Northside Park.
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Creates a special fund designated "2019 City of Kosciusko Northside Park Repair and Renovation Fund" within the State Treasury to receive and disburse bond proceeds for the specified project.
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Bonds may mature up to 25 years from issuance date and cannot be issued after July 1, 2023.
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Bonds are backed by the full faith and credit of the State of Mississippi; any funds remaining after project completion shall be applied to debt service on the bonds.
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Bonds and income derived from them are exempt from all state taxation and are legal investments for trustees, fiduciaries, and financial institutions.
Legislative Description
Bonds; authorize issuance in amount of $500,000.00 to assist City of Kosciusko with repair and renovation of Northside Park.
Last Action
Died In Committee
2/27/2019