Loading chat...
MS HB1452
Bill
Status
Failed
2/24/2021
Primary Sponsor
William Arnold
Click for details
AI Summary
- Authorizes the State Bond Commission to issue up to $100,000 in general obligation bonds to fund improvements to the Jacinto Courthouse in Alcorn County, Mississippi.
- Creates a special "Jacinto Courthouse Improvements Fund" within the State Treasury to receive bond proceeds and disburse funds to the Jacinto Foundation, Inc., for capital improvements, repairs, renovations, and restoration of the courthouse and related facilities.
- Bonds may be issued at any time before July 1, 2025, with a maturity period not to exceed 25 years from the date of issue.
- Bonds are backed by the full faith and credit of the State of Mississippi; any funds from bond sales are exempt from state taxation and may be used for debt service if projects are completed, abandoned, or cannot be completed timely.
- Establishes standard procedures for bond issuance, including sealed bid public sales, semiannual or annual interest payments, and validation procedures in Hinds County Chancery Court.
Legislative Description
Bonds; authorize issuance to assist the Jacinto Foundation, Inc., with costs of improvements to the Jacinto Courthouse.
Last Action
Died In Committee
2/24/2021
Committee Referrals
Ways and Means2/24/2021
Full Bill Text
No bill text available