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MS SB2109

Bill

Status

Failed

6/3/2020

Primary Sponsor

Kevin Blackwell

Click for details

Origin

Senate

2020 Regular Session

AI Summary

  • Authorizes issuance of state general obligation bonds not to exceed $3,500,000 to fund construction of a workforce center in Southaven, Mississippi.

  • Creates the "2020 DeSoto County Workforce Center Construction Fund" as a separate fund within the State Treasury to receive bond proceeds and disburse funds for construction costs.

  • Bonds may mature up to 25 years from issuance and cannot be issued after July 1, 2024.

  • Establishes the State Bond Commission as the issuing agent with authority to prescribe bond terms, determine sale methods, and handle all aspects of bond issuance and sale.

  • Pledges the full faith and credit of Mississippi to guarantee bond payments; any remaining fund balance after project completion shall be applied to bond debt service.

Legislative Description

Bonds; authorize the issuance of state general obligation bonds for a workforce center in Southaven, Mississippi.

Last Action

Died In Committee

6/3/2020

Committee Referrals

Finance1/17/2020

Full Bill Text

No bill text available