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MS HB1210

Bill

Status

Failed

2/24/2021

Primary Sponsor

Ronnie Crudup

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Authorizes issuance of up to $150,000 in state general obligation bonds to fund improvements at Sykes Park in Jackson, Mississippi

  • 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

  • Bonds must be issued before July 1, 2025, with a maximum maturity of 25 years from the date of issue

  • 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

  • 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

Committee Referrals

Ways and Means1/18/2021

Full Bill Text

No bill text available