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MS HB1433

Bill

Official Source

Status

Passed

4/5/2021

Primary Sponsor

Thomas Reynolds

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Authorizes the Yalobusha County Board of Supervisors to loan up to $350,000 to the Oakland Natural Gas District at their discretion

  • Loan funds must be applied exclusively to pay off existing indebtedness of the gas district

  • Interest rate capped at 8% with monthly installment payments over a maximum term of 10 years

  • Requires a formal loan agreement to be executed by both parties

Legislative Description

Yalobusha County; authorize to loan funds to Oakland Yalobusha Natural Gas District to help pay off certain district debt.

Last Action

Approved by Governor

4/5/2021

Committee Referrals

Local and Private3/4/2021
Local and Private Legislation2/22/2021

Full Bill Text

No bill text available