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MS HB46
Bill
Status
6/9/2020
Primary Sponsor
Becky Currie
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AI Summary
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Amends Section 41, Chapter 454, Laws of 2019 to change the purpose of bonds authorized for the Town of Wesson from "repair and renovation of the town's police station" to "construction, furnishing and equipping of a new police station."
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Renames the special fund from "2019 Town of Wesson Police Station Repair and Renovation Fund" to "2019 Town of Wesson Police Station Construction Fund."
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Maintains authorization for up to $300,000 in general obligation bonds with a maturity of no more than 25 years and an issuance deadline of July 1, 2023.
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Requires the State Bond Commission to act as issuing agent and the Department of Finance and Administration to oversee fund disbursement for the project.
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Pledges the full faith and credit of the State of Mississippi for bond repayment and exempts bond income from state taxation.
Legislative Description
Bonds; revise purposes for which bonds authorized for Town of Wesson may be used.
Last Action
Died In Committee
6/9/2020