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MS HB1670
Bill
Status
2/23/2022
Primary Sponsor
William Arnold
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AI Summary
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Authorizes issuance of up to $1,795,000 in state general obligation bonds to assist the City of Booneville, Mississippi, with sewer system infrastructure improvements
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Funds will pay costs for repair, replacement, adjustment, and relocation of sewer lines underneath and near the Northeast Mississippi Community College football field and surrounding area
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Creates the "2022 City of Booneville Sewer System Fund" as a special 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, are tax-exempt in Mississippi, and are backed by the full faith and credit of the state
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No bonds may be issued under this act after July 1, 2026, and the act takes effect July 1, 2022
Legislative Description
Bonds; authorize issuance to assist City of Booneville with certain sewer system improvements.
Last Action
Died In Committee
2/23/2022