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MS HB181

Bill

Status

Failed

2/24/2021

Primary Sponsor

Lester Carpenter

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Authorizes issuance of up to $2,000,000 in state general obligation bonds to fund repair and renovation of the War Memorial Building in Jackson, Mississippi

  • Creates the "2021 War Memorial Building Repair and Renovation Fund" within the State Treasury to hold bond proceeds, with funds disbursed at the discretion of the Department of Finance and Administration

  • Bonds may have a maturity of up to 25 years and must be issued before July 1, 2025

  • Bonds are backed by the full faith and credit of the State of Mississippi, with the State Treasurer authorized to pay principal and interest from any available state funds if appropriations are insufficient

  • Bonds and income from them are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions

Legislative Description

Bonds; authorize issuance for repair and renovation of War Memorial Building.

Last Action

Died In Committee

2/24/2021

Committee Referrals

Ways and Means1/8/2021

Full Bill Text

No bill text available