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MS HB1210
Bill
Status
2/24/2021
Primary Sponsor
Ronnie Crudup
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AI Summary
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Authorizes issuance of up to $150,000 in state general obligation bonds to fund improvements at Sykes Park in Jackson, Mississippi
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Creates the "2021 City of Jackson Sykes Park Improvements Fund" as a special fund within the State Treasury to receive bond proceeds for construction, repair, renovation, replacement, and improvement of park facilities and infrastructure
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Bonds must be issued before July 1, 2025, with a maximum maturity of 25 years from the date of issue
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Bonds are backed by the full faith and credit of the State of Mississippi, and both the bonds and their income are exempt from all state taxation
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The State Bond Commission will serve as issuing agent with authority to determine bond terms, sale methods, and handle all aspects of issuance and sale
Legislative Description
Bonds; authorize issuance to assist City of Jackson with improvements to Sykes Park.
Last Action
Died In Committee
2/24/2021