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MS HB646
Bill
Status
2/24/2021
Primary Sponsor
Earle Banks
Click for details
AI Summary
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Authorizes issuance of up to $500,000 in state general obligation bonds to fund maintenance, renovations, improvements, and additions to the Mississippi Telecommunication Conference and Training Center in Jackson, Mississippi
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Creates the "2021 Mississippi Telecommunication Conference and Training Center Fund" within the State Treasury to hold bond proceeds, with the Department of Finance and Administration controlling disbursements
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Bonds may not be issued after July 1, 2025, and must mature within 25 years from the date of issue
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Bonds are backed by the full faith and credit of the State of Mississippi, and both the bonds and their income are exempt from all state taxation
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The State Bond Commission is authorized to determine bond terms, sale method, and manage all aspects of issuance and sale
Legislative Description
Bonds; authorize issuance to assist with maintenance of the Mississippi Telecommunication Conference and Training Center.
Last Action
Died In Committee
2/24/2021