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MS HB181
Bill
Status
2/24/2021
Primary Sponsor
Lester Carpenter
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AI Summary
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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
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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
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Bonds may have a maturity of up to 25 years and must be issued before July 1, 2025
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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
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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