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MS SB2963
Bill
Status
2/24/2021
Primary Sponsor
Tammy Witherspoon
Click for details
AI Summary
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Increases the authorized amount of state general obligation bonds from $1,000,000 to $2,000,000 to assist Adams County, Mississippi with completing the Belwood Levee construction
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Funds are deposited into the "2019 Belwood Levee Construction Fund" maintained as a separate special fund within the State Treasury
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The Department of Finance and Administration has discretion over disbursement of funds to Adams County for levee completion costs
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Bonds cannot be issued after July 1, 2023, and must mature within 25 years from date of issue
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Bonds are general obligations of the State of Mississippi backed by the full faith and credit of the state, and are exempt from all state taxation
Legislative Description
Bonds; increased authorized amount to assist Adams County in paying costs of completion of Belwood Levee construction.
Last Action
Died In Committee
2/24/2021