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MS SB2216
Bill
AI Summary
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Authorizes issuance of up to $32 million in state general obligation bonds to fund Phase II of construction, furnishing, and equipping a new Department of Public Safety headquarters building in Rankin County, adjacent to the Mississippi Crime Laboratory and State Medical Examiner offices
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Creates the "2021 Department of Public Safety Headquarters Building Construction Fund" as a special fund within the State Treasury, with unexpended amounts and investment earnings remaining in the fund rather than lapsing to the General Fund
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Bonds must be issued before July 1, 2025, with a maximum maturity of 25 years from date of issue
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Bonds are backed by the full faith and credit of Mississippi and are exempt from all state taxation
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Department of Finance and Administration, through the Bureau of Building, Grounds and Real Property Management, is authorized to disburse funds and receive additional local or other source funds for the project
Legislative Description
Bonds; authorize issuance for Phase II of construction of a new headquarters building for the Department of Public Safety.
Last Action
Died In Committee
2/24/2021