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MS HB646

Bill

Status

Failed

2/24/2021

Primary Sponsor

Earle Banks

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • 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

  • 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

  • Bonds may not be issued after July 1, 2025, and must mature within 25 years from the date of issue

  • 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

  • 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

Committee Referrals

Ways and Means1/18/2021

Full Bill Text

No bill text available