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MS SB2044
Bill
Status
Failed
2/24/2021
Primary Sponsor
Kevin Blackwell
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AI Summary
- Authorizes the State Bond Commission to issue up to $1,200,000 in general obligation bonds to fund improvements to Barringer Road in Marshall County to improve traffic flow to and from the Chickasaw Trail Industrial Park
- Creates a special "2021 Barringer Road Improvement Fund" within the State Treasury to receive bond proceeds and disburse funds under direction of the Department of Finance and Administration
- Bonds may be issued at any time before July 1, 2025, with a maturity period not exceeding 25 years and interest rates within statutory limits
- Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from state taxation
- Any remaining funds after project completion shall be used to pay debt service on the bonds, and unused proceeds may be validated through Chancery Court proceedings
Legislative Description
Bonds; authorize to assist Marshall County in improving Barringer Road for Chickasaw Trail Industrial Park access.
Last Action
Died In Committee
2/24/2021
Committee Referrals
Finance1/5/2021
Full Bill Text
No bill text available