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MS HB1515
Bill
Status
2/23/2022
Primary Sponsor
John Hines
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AI Summary
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Authorizes issuance of up to $5,000,000 in state general obligation bonds to help the City of Greenville, Mississippi pay for improvements to its water and sewer systems
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Creates the "2022 City of Greenville Water and Sewer Systems Fund" as a special fund within the State Treasury to hold and disburse bond proceeds
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Bonds must mature within 25 years from date of issue and are backed by the full faith and credit of the State of Mississippi
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Bond proceeds and income are exempt from all state taxation and qualify as legal investments for trustees, fiduciaries, and financial institutions
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No bonds may be issued under this act after July 1, 2026
Legislative Description
Bonds; authorize issuance to assist City of Greenville in paying costs of improvements to its water and sewer systems.
Last Action
Died In Committee
2/23/2022