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MS HB107

Bill

Official Source

Status

Failed

6/3/2020

Primary Sponsor

Bryant Clark

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Authorizes issuance of state general obligation bonds not to exceed $2,000,000 to assist Holmes County with road, street, and county building improvements
  • Creates the "2020 Holmes County Roads and Buildings Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds for eligible projects
  • Bonds may not be issued after July 1, 2024, and shall mature within 25 years from the date of issue
  • Full faith and credit of the State of Mississippi is pledged to pay principal and interest on the bonds
  • Bonds and income from bonds are exempt from all state taxation

Legislative Description

Bonds; authorize issuance to assist Holmes County with improvements to county roads and bridges.

Last Action

Died In Committee

6/3/2020

Committee Referrals

Ways and Means1/24/2020

Full Bill Text

No bill text available