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MS SB3044
Bill
AI Summary
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Authorizes issuance of up to $205,000 in state general obligation bonds to assist the Town of Woodland, Mississippi, with repair and renovation costs for the town medical clinic
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Creates the "2021 Town of Woodland Medical Clinic Fund" within the State Treasury as a special fund separate from the General Fund, with unexpended amounts and interest earnings remaining in the fund
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Bonds may not be issued after July 1, 2025, and must mature within 25 years from the date of issue
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The State Bond Commission serves as the issuing agent with authority to determine bond form, sale method, and pricing in the best interest of the state
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Bonds are backed by the full faith and credit of Mississippi, are tax-exempt within the state, and qualify as legal investments for trustees, fiduciaries, and financial institutions
Legislative Description
Bonds; authorize issuance to assist Town of Woodland in paying costs of repairs to town medical clinic.
Last Action
Died In Committee
2/24/2021