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MS SB2477
Bill
AI Summary
- Authorizes the issuance of up to $3,000,000 in state general obligation bonds to fund repair and renovation of the War Memorial Building in Jackson, Mississippi.
- Creates a special "2020 War Memorial Building Repair and Renovation Fund" within the State Treasury to receive bond proceeds and disburse funds for the project.
- Bonds may not be issued after July 1, 2024, and shall mature within 25 years from the date of issue.
- Investment earnings on the fund and any remaining balances after project completion shall be applied to pay debt service on the bonds.
- Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from state taxation.
Legislative Description
Bonds; authorize to fund repair and renovation of the War Memorial Building in Jackson, Mississippi.
Last Action
Died In Committee
6/3/2020
Committee Referrals
Finance2/14/2020
Full Bill Text
No bill text available