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MS HB1450

Bill

Status

Failed

2/24/2021

Primary Sponsor

Jon Lancaster

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • 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

  • 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

  • Bonds must be issued by July 1, 2025 and mature within 25 years from date of issue, with interest payable semiannually or annually

  • Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from all state taxation

  • 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

Committee Referrals

Ways and Means2/24/2021

Full Bill Text

No bill text available