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MS HB241

Bill

Status

Failed

2/24/2021

Primary Sponsor

Bryant Clark

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 assist Yazoo County with repair, renovation, and restoration of the Yazoo County Courthouse

  • Creates the "2021 Yazoo County Courthouse Improvements Fund" within the State Treasury as a special fund separate from the General Fund, with unexpended amounts and interest earnings remaining in the fund

  • Bonds must be issued before July 1, 2025, and mature within 25 years from date of issue

  • Bonds are backed by the full faith and credit of the State of Mississippi, with bonds and income from them exempt from all state taxation

  • Department of Finance and Administration has discretion over disbursement of funds, and any remaining amounts after project completion or abandonment will be applied to bond debt service

Legislative Description

Bonds; authorize issuance to assist Yazoo County with renovation of county courthouse.

Last Action

Died In Committee

2/24/2021

Committee Referrals

Ways and Means1/18/2021

Full Bill Text

No bill text available