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MS HB1331

Bill

Official Source

Status

Failed

2/24/2021

Primary Sponsor

Jon Lancaster

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Authorizes the State Bond Commission to issue up to $75,000 in general obligation bonds to assist the City of Houston, Mississippi with repair, renovation, and improvements to the Bijou-Dream Theater
  • Creates a special fund designated "2021 City of Houston - Bijou-Dream Theater Fund" within the State Treasury to receive and disburse bond proceeds for the theater project
  • Bonds shall mature within 25 years from issuance date with interest rates not exceeding limits set in Section 75-17-101, Mississippi Code of 1972
  • Prohibits bond issuance after July 1, 2025, and requires that remaining funds after project completion be applied to debt service on the bonds
  • Bonds are general obligations of the State of Mississippi backed by the full faith and credit of the state, and are exempt from state taxation

Legislative Description

Bonds; authorize issuance to assist City of Houston with repair and renovation of the Bijou-Dream Theater.

Last Action

Died In Committee

2/24/2021

Committee Referrals

Ways and Means2/4/2021

Full Bill Text

No bill text available