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MS SB2891
Bill
AI Summary
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Authorizes issuance of up to $525,000 in state general obligation bonds to assist Choctaw County, Mississippi with repairs to Chester-Tomnolen Road
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Creates the "2021 Choctaw County Chester-Tomnolen Road Repair Fund" within the State Treasury to hold and disburse bond proceeds
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Bonds may mature up to 25 years from date of issue and must be issued before July 1, 2025
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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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State Bond Commission authorized to determine bond terms, sale method, and handle all aspects of issuance and sale
Legislative Description
Bonds; authorize issuance to assist Choctaw County in paying costs associated with repairs to Chester-Tomnolen Road.
Last Action
Died In Committee
2/24/2021