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MS HB1423
Bill
Status
2/24/2021
Primary Sponsor
Larry Byrd
Click for details
AI Summary
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Authorizes issuance of up to $495,000 in state general obligation bonds to assist Forrest County, Mississippi with bridge infrastructure projects
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Creates the "2021 Forrest County Bridge Improvements Fund" within the State Treasury to hold and disburse bond proceeds
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Funds designated specifically for repair and/or replacement of the bridge on Temple Road over Reese Creek and the bridge on Brooklyn-Janice Road over Chaney Branch Creek
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Bonds must be issued by July 1, 2025 and mature within 25 years of issuance, with interest payable semiannually or annually
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Bonds are tax-exempt general obligations of the state backed by Mississippi's full faith and credit, and qualify as legal investments for trustees, fiduciaries, and financial institutions
Legislative Description
Bonds; authorize issuance to assist Forrest County with repair/replacement of bridges.
Last Action
Died In Committee
2/24/2021