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MS SB2705
Bill
AI Summary
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Authorizes issuance of up to $48,000 in Mississippi state general obligation bonds to assist the Town of Mathiston with street repair and resurfacing costs
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Creates the "2021 Town of Mathiston Street Repair and Resurfacing Fund" within the State Treasury to hold and disburse bond proceeds
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Bonds must be issued before July 1, 2025, and mature within 25 years from date of issue
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Bonds are backed by the full faith and credit of the State of Mississippi and are exempt from all state taxation
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Department of Finance and Administration has discretion over disbursement of funds to the town for the street projects
Legislative Description
Bonds; authorize issuance to assist Town of Mathiston in paying costs of repairs to and resurfacing of town streets.
Last Action
Died In Committee
2/24/2021