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MS HB165
Bill
Status
Failed
2/23/2022
Primary Sponsor
Fred Shanks
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AI Summary
- Authorizes issuance of up to $500,000 in state general obligation bonds to assist the City of Brandon, Mississippi with city hall improvements
- Creates the "2022 City of Brandon City Hall Improvements Fund" within the State Treasury to hold bond proceeds, with funds not lapsing at fiscal year end
- Bond proceeds may be used for repair, renovation, upgrades, and improvements to the City Hall building, related facilities, and construction of additional parking
- Bonds must be issued before July 1, 2026, with a maximum maturity of 25 years from date of issue
- Bonds and income from bonds are exempt from all Mississippi state taxation and are backed by the full faith and credit of the state
Legislative Description
Bonds; authorize issuance to assist City of Brandon with improvements to City Hall.
Last Action
Died In Committee
2/23/2022
Committee Referrals
Ways and Means1/4/2022
Full Bill Text
No bill text available