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MS SB2979
Bill
Status
2/24/2021
Primary Sponsor
Tammy Witherspoon
Click for details
AI Summary
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Authorizes issuance of up to $2,245,000 in Mississippi state general obligation bonds to assist the City of Natchez with the Concord Avenue Drainage Improvement Project
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Creates the "2021 Natchez Concord Avenue Drainage Improvement Project Fund" within the State Treasury to receive 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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Department of Finance and Administration has discretion over disbursement of funds for project costs, with any remaining funds after project completion applied to bond debt service
Legislative Description
Bonds; authorize issuance to assist City of Natchez pay costs of Concord Avenue Drainage Improvement Project.
Last Action
Died In Committee
2/24/2021