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MS HB440
Bill
Status
2/24/2021
Primary Sponsor
John Faulkner
Click for details
AI Summary
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Authorizes issuance of up to $600,000 in state general obligation bonds to assist Holly Springs, Mississippi with repair, renovation, and restoration of the former Holly Springs Water and Light Plant building
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Converted building will serve as a welcome center and/or museum with related facilities
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Creates the "2021 City of Holly Springs Water and Light Plant Building Repair and Renovation Fund" within the State Treasury to hold bond proceeds
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Bonds must be issued before July 1, 2025, and must mature within 25 years from date of issue
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Bonds are tax-exempt in Mississippi and backed by the full faith and credit of the state
Legislative Description
Bonds; authorize issuance to assist City of Holly Springs with restoration of former Holly Springs Water and Light Plant Building.
Last Action
Died In Committee
2/24/2021