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MS HB1450
Bill
Status
2/24/2021
Primary Sponsor
Jon Lancaster
Click for details
AI Summary
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Authorizes issuance of up to $200,000 in state general obligation bonds to fund construction and development of a playground and related equipment at Joe Brigance Park in Houston, Mississippi
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Creates the "Joe Brigance Park Playground Fund" within the State Treasury to receive and disburse bond proceeds, with the Department of Finance and Administration overseeing fund distribution
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Bonds must be issued by July 1, 2025 and mature within 25 years from date of issue, with interest payable semiannually or annually
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Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from all state taxation
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Any remaining funds after project completion or abandonment must be applied to pay debt service on the issued bonds
Legislative Description
Bonds; authorize issuance for construction and development of a playground in Joe Brigance Park in Houston, MS.
Last Action
Died In Committee
2/24/2021