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MS HB1700
Bill
Status
2/23/2022
Primary Sponsor
William Arnold
Click for details
AI Summary
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Authorizes issuance of up to $794,800 in state general obligation bonds to assist the New Site Water Association in Prentiss County, Mississippi
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Funds will pay for construction, repair, replacement, upgrades, and improvements to the association's water system and related infrastructure
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Creates the "2022 New Site Water Association Improvements Fund" as a special fund within the State Treasury to hold bond proceeds
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Bonds may mature up to 25 years from date of issue, with interest exempt from all Mississippi state taxation
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No bonds may be issued under this act after July 1, 2026, with an effective date of July 1, 2022
Legislative Description
Bonds; authorize issuance to assist the New Site Water Association with water system improvements.
Last Action
Died In Committee
2/23/2022